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F inancial university under the goverment of the russian federation FACULTY OF ECONOMICS OF FUEL AND ENERGETIC COMPLEX Presentation was made by Troshina Polina TEK19-6 Social costs of economic growth
OUTLINE Connection between economic growth and social costs Kinds of social costs
Connection between economic growth and social costs an increase in real GNP a beneficial force the downsides of this process damage to some sectors of a societ y
Kinds of social costs
Kinds of social costs Inflation. AD > AS = inflation demand increases too quickly firms push up prices. Graph showing economic growth caused by rising AD leads to inflation.
Kinds of social costs 2. Current account deficit increase in spending on imports deterioration on the current account.
Kinds of social costs 3. Environmental costs increase output and consumption causes an increase in pollution health problems such greater use of raw material s speed up depletion of non-renewable resources
Kinds of social costs 4. Inequality growth can benefit a small section of society more than others depends upon tax rates and the nature of economic growth a force for reducing absolute and relative poverty.
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Literature Английский язык: Экономика и Финансы Часть 2.Введение в специальность (THRESHOLD) Под редакцией Г.А.Дубининой Web-site of economic help: https://www.economicshelp.org/macroeconomics/economic-growth/costs/ Web-site «wiseGEEK»: http://www.wisegeek.net/what-are-the-costs-of-economic-growth.htm