ECONOMICS
TECHNOLOGY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
environmental pollution
|
|
|
greater stress on workers to produce more
|
|
|
higher standard of living
|
|
|
more choice of products
|
Detailed explanation-1: -The environmental impact of economic growth includes the increased consumption of non-renewable resources, higher levels of pollution, global warming and the potential loss of environmental habitats.
Detailed explanation-2: -Disadvantages of business growth shortage of cash-you may need to borrow money to meet expansion costs, eg buy new premises or equipment. compromised quality-increasing your production output may lead to a decline in quality, which can lead to loss of customers or sales.
Detailed explanation-3: -High rates of unemployment or underemployment. Increasing inequality, with many not being included in the growth process. High rates of poverty and low growth. Volatile growth dependent on one source. More items
Detailed explanation-4: -experiences of a job loss or home. major changes to your family’s income and budget. the feeling of not having enough financial resources compared to others. balancing the need to work while in college.