What Is The Long-run Relationship Between Economic Growth And Quality Of Life? In What Ways Have Living Standards Changed Over Last 150 Years Other Than Through Economic Growth?

NameUniversityCourseTutorDateInternational comparisons by many an(prenominal) scholars regarding caliber of biography hit over the years carryed to indicate a strong relationship amidst economical growth and woodland of life . In onus , these comparisons have shown that there exists a positive relationship amongst gross phratry servant point of intersection and the living standards of individuals in a domain . While this may be thought of as being true given many researches conducted by many scholars , historical experience tend to negate this belief . The quantify of ameliorations in the quality of life in terms of health , program line happiness , material levels of living and civil rights tend to be different from that of improvement in gross national product per capita in fuck off . In essence , some indicato rs of improved gross domestic product precede improvements in the living standards while other(a)s come after these improvements .

On the other hand , different move of the founding experience different levels of quality of life improvements and at other times , the indicators of quality of life tend to hang in silent despite huge changes in the level of authentic per capita income . In this sense , there exists strong evidence that points to the point that improvements in the level of economic growth in well-nigh countries does not necessarily translate to improvement in the quality of life lived by citizens in those particular countries (Maddison , 19! 95 ,. 65Some scholars have argued that improvement in real gross domestic growth per capita push aside never be equated to improvement in the living standards or the quality of life...If you want to get a full essay, auberge it on our website: BestEssayCheap.com

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