What prevents economic growth? What are the factors that hinder economic development? What are the problems of economic growth? Why is economic growth significant? Economic Growth is important because it is the means by which we can improve the quality of our standard of living. It also enables us to cater for any increases in our population without having to lower our standard of living. Doesn’t poor health & low levels of education affect the economic growth? People who don't have access to healthcare or education have lower levels of productivity. This lack of access means the labour force is not as productive as it could be. Therefore, the economy does not reach the productivity it could otherwise. Why is economic growth so important? Economic growth increases state capacity and the supply of public goods, right? Do you think that a country can exist without proper economic growth? Absolutely, No! Let’s learn more about the topic, shall we?

Saket Kumar

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