The cost-benefit principle suggests that higher economic growth

Question

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The cost-benefit principle suggests that economic growth should be pursued only if the marginal benefits are greater than the marginal costs. This means that the benefits of economic growth should outweigh the costs, and that the benefits should be maximized while the costs are minimized. Pursuing economic growth without considering the costs could result in negative consequences for society and the environment, such as pollution, resource depletion, and income inequality. Therefore, it is important to use the cost-benefit principle to evaluate economic policies and ensure that they are sustainable and equitable.

The Cost-Benefit Principle Suggests That Higher Economic Growth