Benefits of Economic Growth

    Benefits of Growth:

·         Better living standards: higher growth means higher incomes and so people can enjoy a higher standard of living.

·         Reduction of poverty: economic growth helps to move poorer sections of population out of poverty. Absolute poverty has been eliminated in the UK, but relative poverty still exists.

·         Investments in infrastructure: This improves education, improves health and improved transport links. Higher growth means that governments collect more tax revenue and can spend it in priority areas

·         Lower Crime: As growth rises, the bridge between the rich and the poor may reduce, and so incentive to commit crime will be lower.