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During classes this week, one major thing I learned is how there can be considerable drawbacks to economic growth, to the point where it is
During classes this week, one major thing I learned is how there can be considerable drawbacks to economic growth, to the point where it is advised that companies should not pursue economic growth beyond a certain point. Although economic growth does help improve company operations, the costs associated with the increased technology and capital becomes impractical, if it becomes more difficult to manage the services the company provides. For example, if Fanshawe College's economy doubles, that would mean all of the institution's resources would be doubled, as well. Resources such as students, professors, and college space would all be doubled, and it would be more challenging for Fanshawe College to juggle a larger quantity of resources, while also maintaining similar levels of quality. In addition to this, it is possible that companies can overproduce their quantity supplied, to the point where there is not enough demand in the market to take advantage of the additional resources that are available for consumers to use. In class, it was discussed that China had roughly a 6% growth rate, where large apartments are abundant and that there are bridges built across the country to help civilians get from place to place. However, because
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