Social costs of economic growth

1.

Social costs of economic
growth
Geraskina Anna,
ТЭК19-4

2.

Outline
:
• Сoncept of economic growth
• Good sides of economic growth
• Disadvantages of economic
growth
• Social costs
• Output
• Literature

3.

Сoncept of economic growth
Increase market value of goods and
services

4.

Good sides of economic growth
• mixed blessing
• the average standard of living
goes up
• Earning income
• leisure time
• additional tax revenues

5.

Disadvantages of economic growth
• use of natural
resources
• generation of waste
products
• destruction of natural
environments
• uneven growth among
different groups in
society.

6.

SOCIAL COSTS
• People
• Capital resources
• Natural resources

7.

Output
basis of economic development of each
state

8.

Literature
:
https://www.investopedia.com/terms/e/econo
micgrowth.asp
Dubinina G.A., Drachinskaya I.F., Kondrakhina
N.G. Petrova O.N. English / Economics &
Finance: textbook: in 4 p - M.: Financial
University, 2016

9.

The end