a rise in material living standards , a reduction in poverty , a rise in welfare of population , a rise in employment
2 of 6
boom
a period of high economics activity and high levels of employment
3 of 6
Adam smith
Scottish economist who wrote the wealth of nations and talked about the importance of specialisation , division of labour and how it helps increase profits and outputs per worker
4 of 6
Gdp
total value added of goods and services produced in a country in a year
5 of 6
the costs of economic growth
air polluti
6 of 6
Other cards in this set
Card 2
Front
benefits of economic growth
Back
a rise in material living standards , a reduction in poverty , a rise in welfare of population , a rise in employment
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