Economic Growth

One of the macro objectives is steady and sustainable growth.

Positives of economic growth

• More jobs
• Higher living standards
• Increased tax revenue
• Increased funds for infrastructure
• Rising wealth, which can be used to reduce poverty

Negatives of economic growth

• Risk of demand-pull inflation
• Could be limited growth with rising inequality
• Over-exploitation of scarce finite resources

Judgements

It depends on the sustainability of the growth. For example:

• Renewable energy
• Selective logging
• Recycling
• Pollution / environmental damage