{"id":5346,"date":"2019-02-14T09:30:20","date_gmt":"2019-02-14T04:00:20","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=5346"},"modified":"2019-02-16T10:54:18","modified_gmt":"2019-02-16T05:24:18","slug":"economic-growth","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/economic-growth\/","title":{"rendered":"Economic Growth"},"content":{"rendered":"<ul>\n<li>Continuous increase in real gross national production is called economic growth.<\/li>\n<li>It shows long term expansion of production potential.<\/li>\n<li>It illustrates quantitative changes in the production of goods and services in the economy.<\/li>\n<li>Economic growth is measurable.<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Advantages of Economic growth\u00a0<\/span><\/h3>\n<ul>\n<li>Eleminates poverty when achiveing high levels of living standards<\/li>\n<li>Increase in income<\/li>\n<li>Businesses or Entrepreneures can earn higher profits<\/li>\n<li>Increase in rate of employment<\/li>\n<li>Increase in creditability in business<\/li>\n<li>Decrease in budget deficit<\/li>\n<\/ul>\n<h3>\u00a0<span style=\"color: #000000;\">Costs of economic growth\u00a0<\/span><\/h3>\n<ul>\n<li>Risk of inflation<\/li>\n<li>Negative effects of increase in production and consumption on the environment<\/li>\n<li>Inequalities in distribution of income and wealth<\/li>\n<li>Regional disparities<\/li>\n<li>Harmful to sustainable development<\/li>\n<li>Enviornmental degradation<\/li>\n<li>Increase in global warming<\/li>\n<li>Loss of international co-operation for the development of human welfare since the country is catogerised as a \u00a0high income country<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Continuous increase in real gross national production is called economic growth. It shows long term expansion of production potential. It illustrates quantitative changes in the production of goods and services in the economy. Economic growth is measurable. Advantages of Economic growth\u00a0 Eleminates poverty when achiveing high levels of living standards Increase in income Businesses or [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,2697],"tags":[],"class_list":["post-5346","post","type-post","status-publish","format-standard","hentry","category-economics","category-unit-10-en-economics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economic Growth - Learning &amp; Education Portal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astan.lk\/al_virtualclassroom\/economic-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Growth - Learning &amp; Education Portal\" \/>\n<meta property=\"og:description\" content=\"Continuous increase in real gross national production is called economic growth. 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