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When this occurs, there will be a Balance of Payment deficit because imports will be greater than exports.
Inequalities of Wealth and Income Distribution :
When an economic growth occurs, there is a group of people who are taking advantage of it and another group of people who are having bad impacts from it. In other words we can say that the rich people gets richer and richer but the people who are getting a small amount of income are getting poorer and poorer. Economic growth is very advantageous for people who are doing businesses because, as the prices of goods and services rise, they have the opportunity to get high profits...
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