T H E A DVA N TAG E S O F E C O N O M I C G ROW, TECHNOLOGY AND SCIENCE

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ADVANTAGES

Economic growth is also a long-term expansion of the productive potential of the economy. Sustained economic growth should lead to an increase in real living standards and rising employment.

THE AIM OF THIS ACTIVITY IS TO ENCOURAGE SOME THINKING ABOUT THE COSTS AND BENEFITS OF ECONOMIC GROWTH IN DEVELOPING COUNTRIES. MANY WOULD ASSUME THAT TO IMPROVE THE SITUATION FACED BY MANY PEOPLE IN THE DEVELOPING WORLD, SOME MEANS OF INCREASING THE ECONOMIC GROWTH OF THE COUNTRY IS DESIRABLE.

I M PA C T O F E C O N O M I C A L G R O W

E C O N O M I C G R O W T H M A Y H AV E B E N E F I T S BUT THESE MUST BE BALANCED BY A CONSIDERATION OF THE COSTS OF E C O N O M I C G R O W T H . I N PA R T I C U L A R , W E M U S T C O N S I D E R T H E FAC T O R S R E L A T I N G SPECIFICALLY TO DEVELOPING COUNTRIES T H AT C O U L D L E A D E C O N O M I C G ROW T H T O H AV E A D I F F E R E N T I M PA C T T O T H A T WHICH MIGHT BE EXPECTED IN THE DEVELOPED WORLD

ECONOMIC GROWTH DOES NOT ALWAYS BRING THE EXPECTED BENEFITS FOR ALL. THE BENEFITS HAVE TO BE WEIGHED AGAINST THE COSTS, COSTS THAT ARE NOT ALWAYS AS OBVIOUS AS INCREASES IN POLLUTION AND ENVIRONMENTAL DEGRADATION. PHOTOLIBRARY GROUP

 1) Raise standard of living because there's an increase in goods and services being

4) Improve firms' and consumers' confidence (positive outlook) which may lead to an

produced
2) Higher employment through diversification. 3) Money can be spent on protecting the environment

increase in investment.
5)Lower unemployment With higher output firms tend to employ more workers creating more employment.

ADVANTAGES OF TECHNOLOGY

T O D A Y, W E C A N T I M A G I N E O U R S E L V E S W I T H O U T T E C H N O L O G I C A L A D VA N C E S S U C H A S C A R S , M I C R O WAV E S , C E L L P H O N E S ,

C O M P U T E R S, A N D T E L E V I S I O N S. H OW E V E R ,
TECHNOLOGY WONT STOP HERE, BUT DEVELOP FURTHER. AS TECHNOLOGY D EV EL OPS, TH ER E A R E M UCH A D VA N T A G E S .

NEW TECHNOLOGY

ADVANTAGES 1) Medical care & response time to critical situations 2) Information storage & retrievel for crime prevention & apprehension 3) Technology today has made life better and quicker 4) From a hunting society to an agricultural society and establishing a 5) Making impossible things possible are similar features of the change which previous people have experienced by social change 6) The Technological progress make our society more

convenient and safe

7) Modern technologies create many kinds of products computers, cloning technology,

commercial society due to the

invention of new tools.

and spacecraft.

ADVANTAGES OF SCIENCE

O N E O F T H E S T R I K I N G F E AT U R E S O F 2 0 C E N T U RY I S T H E P R O G R E S S OF IS NO SECTION OH HUMAN SOCIETY IN WHICH SCIENCE HAS N O T B R O U G H T R E V O L U T I O N. B U T S T I L L T H E T E R M I S D E BAT E D AMONG THE CONSCIOUS PEOPLE T H AT W H E T H E R S C I E N C E I S BLESSING OR IT IS A CURSE FOR HUMANITY

-MEDICINES EASIER TO SYNTHESISE .

* Every morning we have fresh where it necessary. By paying nominal price we get information and education t our door. Atomic energy is used for many development purposes. It is the cheapest source of energy. Electricity can be produced by it. It is used for the purpose

to cure cancer and other dangerous diseases..

In space permanent satellite stations have established for research purposes. Man has landed on the moon. Now the space expeditions are ready for new horizons

 The population of the world is rapidly increasing. The demand of food is also increasing with the increase of population. To meet the

growing demands scientific techniques are applied in agriculture.

Crimes investigations department is applying latest scientific methods to investigate. The impact of science in our life is certainly great. Medical science inspite of its all boasted success has badly failed to cure some chronic diseases. Despite the hectic efforts to control floods, water is still a major natural calamity.

A D VA N T A G E S

1) Less work for humans 2) Makes life more enjoyable 3) More effectiveness in doing some things. 4) Ability to discover more new things. 5) Faster to do some jobs.