Economics revision

  • Created by: Bennie70
  • Created on: 26-09-15 20:12

Economics growth and human development

Economic froth is an increase in output in a short run but in a long an increase in product potential. And economic development is improving people's well being and their quality of life . Economic growth may not lead to economic development,firstly because economic growth can be caused by high pollution whish does not increase the quality of life .

Also economic can be caused by increase in income,however unequal distribution income .

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