What type of economic growth do most developed economies experience
Asked by admin @ in Geography viewed by 414 People
What type of economic growth do most developed economies experience?
rapid growth unpredictable growth moderate growth slow growth
Answered by admin @
Most developed countries experience a slower economic growth
compared the developing counties. Economic growth is very different from the
economic development. Development will elevate the people from the low standards
of living to proper employment which has suitable housing while growth does not
consider natural resources that will lead to pollution, diseases and
congestion. Development on the other hand is concerned with sustainability
meaning that it is meeting the needs of the present without compromising the future
needs.
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