Economic growth could make a country worse off.

Question

Quizplus · Accepted Answer

Economic growth can lead to negative externalities such as environmental degradation, depletion of natural resources, and inequality. These factors can ultimately harm the well-being of a country's citizens and outweigh the benefits of economic growth. Additionally, if economic growth is not inclusive and does not generate widespread improvements in living standards, it can exacerbate social tensions and political instability. Therefore, under certain circumstances, economic growth can make a country worse off.

Economic Growth Could Make a Country Worse Off