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 redeem over the years carryed to indicate a strong relationship amidst frugal growth and fictitious character of life . In onus , these comparisons have shown that there exists a positive relationship amongst gross digest servant reaping and the living standards of individuals in a plain . 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 rises in the quality of life in terms of health , instruction happiness , material levels of living and civil rights tend to be different from that of improvement in gross domestic product per capita in seminal fluid . In essence , some indicators of im proved gross domestic product precede improvements in the living standards while other(a)s come after these improvements .

On the other hand , different part of the founding experience different levels of quality of life improvements and at other times , the indicators of quality of life tend to stay put silent despite huge changes in the level of very per capita income . In this sense , there exists strong evidence that points to the concomitant that improvements in the level of economic growth in virtually countries does not necessarily translate to improvement in the quality of life lived by citizens in tho se particular countries (Maddison , 1995 ,. ! 65Some scholars have argued that improvement in real gross domestic growth per capita butt never be equated to improvement in the living standards or the quality of life...If you want to get a full essay, target it on our website: BestEssayCheap.com

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