Economic growth is ultimately constrained by finite natural resources. In a capitalist system, the population has a
Question:
“Economic growth is ultimately constrained by finite natural resources. In a capitalist system, the population has a natural tendency to grow faster than food production and hence is only constrained by starvation, pestilence, and war. It is the proper role of government to own and manage natural resources so that the limits to growth are managed in a humane manner.”
Discuss this statement.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Managerial Economics (Economic Applications Access)
ISBN: 9781473778955
8th Edition
Authors: Mark Hirschey, Eric Bentzen, Carsten Scheibye
Question Posted: