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  • Economics Roxas

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    Joana Marie Roxas
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    If we are basically depending with these definitions we can say that growth must come first before change occurs. But is it really that possible all the time? For me, I don't think so, since if people want to achieve a better standard of living it's not necessary to use many resources to be rich enough.

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    If we are basically depending with these definitions we can say that growth must come first before change occurs. But is it really that possible all the time? For me, I don't think so, since if people want to achieve a better standard of living it's not necessary to use many resources to be rich enough.

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    1 views1 page

    Economics Roxas

    Uploaded by

    Joana Marie Roxas
    If we are basically depending with these definitions we can say that growth must come first before change occurs. But is it really that possible all the time? For me, I don't think so, since if people want to achieve a better standard of living it's not necessary to use many resources to be rich enough.

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    The increase in the kinds and quantities of the available resources is called Growth while Change refers to the

    rising standard of living. If we are basically depending with these definitions we can say that Growth must come first before Change occurs. Since we cannot attain change without having experiencing growth. But is it really that possible all the time? For me, I dont think so, since if people want to achieve a better standard of living its not necessary to use many resources to be rich enough. If we are willing to cater the best of our attitude, we are not then afraid to compete with other country. So I can say that the economy can experience Change without Growth.

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