The Benefits and Costs of Economic Growth

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Define the sources of economic growth and give an example of each of the sources of growth.
2. Propose one policy for each source of growth that could enhance or strengthen that source.
3. What are some of the downsides of economic growth? Give an example of a policy that would help to reduce the negative impacts of growth.
4. Finally, at the conclusion of your paper please include a brief statement reflecting on what you feel you have learned from the assignment and how that learning may be applied to your life or work going forward.

 

Sample Solution

Economic growth is an increase in a country’s production of goods and services, which generally leads to improved living standards. There are three sources of economic growth: increases in productivity, population growth, and capital accumulation.

Productivity refers to the amount of output produced per unit of input (DeLong & Summers 2012). A policy that could enhance this source would be investing in research and development (R&D) as it can lead to technological breakthroughs that allow firms to produce more with fewer inputs. For example, increased investment in R&D could bring about better machinery or software that enable workers to produce more with fewer resources consumed.

Population growth describes how a nation’s total population affects its economic output (DeLong & Summers 2012). Policies such as offering tax incentives for businesses who hire new employees can help stimulate population growth by creating jobs for previously unemployed individuals. Additionally, educational initiatives aimed at improving workforce skillsets may also lead to higher economic output due to an influx of well-trained laborers.

The final source is capital accumulation—the process whereby businesses purchase additional physical assets like equipment or buildings that can improve their productivity (DeLong & Summers 2012). Enhancing this source might involve implementing macroeconomic policies such as cutting interest rates so firms have access to cheaper financing when looking for investments opportunities.

reply to the Teacher. Specialists like Ely (1984) and Samimy (1991) contemplated Risk taking and considered Risk Taking as one of the attributes of good students. Swain (1985) states that active participation of the students in arrangement of importance through information gives students significant output. Important input is basic in framing semantic skill and significant output is vital in shaping syntactic skill. Thus, Student quietness in classroom is the issue of EFL Teachers.

In any case, scientists don’t all concur that absence of Risk Taking capacity isn’t exclusively external. Analysts included not just non-Student related components or outside elements yet additionally Student related or inner variables.

Student related variables comprise of individual and full of feeling factors identified with students Risk Taking performance. They incorporate age, gender, identity, motivation, confidence and anxiety. Students’ Risk taking conduct is affected by outer factors, for example, their social convictions or practices, their learning circumstance, for example,

Teachers’ attitude, teaching style and other course related components like class size and classroom exercises. Ely (1989), in a classroom perception and sound chronicle the members trying to discover the connection between Risk Taking and oral support, reasoned that there was a critical connection between classroom participation and oral capability.

Risk Taking elements can be sorted as Student related variables those that influence students from inside and non-Student related elements those that influence students from outside and exist in Language learning condition. Student related variables or interior components are those that the individual Language student carries with him/her to the specific learning circumstances include: inspiration, confidence, anxiety, and personality trait. External elements are those that portray the specific Language-learning circumstance. Non Student related elements affecting risk taking conduct of the Language students incorporate their learning circumstance, for example, Teacher’s attitude and teaching styles and course related elements like class size and classroom action.

 

 

Community Language learning or advising getting the hang of as indicated by Curran (1976), proposes an agreeable and warm atmosphere in which students are urged to practice activities t

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