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Sunday 27 April 2014

How economics growth affects the society

Economics growth can affects people both positively and negatively. As a country's economics gets better and better, many things change in the people life as technology are improved and the people will have to adapt to the changes so they can catch up with the modern ways of life.
Economics growth will cause a distinct difference between the rich and poor. This is because economics growth provide more job opportunity to the people. However, more people will also not be able to get a job, causing a big difference between the employed and unemployed. 
As the number of unemployed gets more, poverty will starts to appear in the society as there is an inequality in terms of social status and income.

So far, it may seem that economic growth has a huge negative impact. However, you may think that doesn't economic growth benefits the country? Of course, having more unemployed is just one down side of economic growth. There are many positive impact of economic growth. 
Many people will take up course to improve on their skill that are used in their jobs as they doesn't want to be disqualified. This will make the people to improve themselves, and the country's economy will become better.

All in all, economic growth can affect different people differently, both negatively and positively. 

-yida :)

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