During Week 4, we studied concepts related to the sources of economic growth. This growth benefits society by advancing our well-being and improving our standard of living. At the same time growth has some very significant social and environmental costs. The paper assignment for this course asks you to define and explain the sources of economic growth and to develop a proposal for an economic policy that would encourage and promote each source of growth. The assignment also asks that you provide examples of some of the costs of economic growth and polices to help reduce those costs. First, review Chapter 19 and the following file attached to the assignment folder: Cons Econ Growth & Sust Dev_Smry.docx
You may read other articles as well and include them in your bibliography.
Using these resources:
1. 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.