Apply your knowledge of the costs and benefits of economic growth. This assignment is based on
Chapter 19 in Meyer’s Everything Economic Book and on supplementary readings.
Description:
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 fellow file attached file:
Cons Econ Growth & Sust Dev_Smry.docx
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.
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.