Economic growth allows a society to consume:

Question

Quizplus · Accepted Answer

Economic growth allows for all of the above to occur. As a society becomes more affluent, they are able to consume a higher quality of goods, more goods per person, and a wider variety of goods. This is because economic growth leads to increased productivity, which in turn drives down the costs of goods, allowing more people to afford higher quality and more varied goods. Additionally, economic growth creates new industries and markets, leading to an ever-expanding range of goods and services available to consumers.

Economic Growth Allows a Society to Consume