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 ca-ca oer the years carryed to indicate a strong relationship amidst economical growth and timber of life . In onus , these comparisons have shown that there exists a positive relationship amongst gross home servant intersection point and the living standards of individuals in a state . While this may be thought of as macrocosm true given many researches conducted by many scholars , historic experience tend to negate this belief . The quantify of betterments in the quality of life in terms of health , information happiness , material levels of living and civil rights tend to be different from that of improvement in gross domestic product per capita in neck . In essence , some indicators 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 hold on silent despite huge changes in the level of solid per capita income . In this sense , there exists strong evidence that points to the particular that improvements in the level of economic growth in approximately countries does not necessarily translate to improvement in the quality of life lived by citizens in those particular countries (Mad dison , 1995 ,. 65Some scholars have argued ! that improvement in real gross domestic growth per capita tidy sum never be equated to improvement in the living standards or the quality of life...If you want to get a full essay, rescript it on our website: BestEssayCheap.com

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