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The positive and negative effects of economic growth, both affect the economy in respect of growth, GDP and development.
The positive effects of economic growth means an increase in money supply, economic output and productivity. It create wealth, some of which goes directly into the pockets of employers and workers, improving their wellbeing.
The negative effects of economic growth which include creative destruction, natural social tension, health challenges, increase in increased pollution and a depletion of natural resources. An economy with negative growth rates has declining wage growth and an overall contraction of the money supply.
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