In addition to increases in productivity and the material standard of living, modern economic growth also results in enormous __________ ___________; i.e., a shift in the kinds of things we do at work and in the way we live.

Question

Quizplus · Accepted Answer

Modern economic growth leads to structural changes, reflecting shifts in the types of industries that dominate the economy, the nature of work, and lifestyle changes as economies evolve from agricultural to industrial to service-oriented. Cyclical, standard, and reciprocal changes do not capture the fundamental shifts in economic structure and societal organization that accompany modern economic growth.

In Addition to Increases in Productivity and the Material Standard