Negative Effects Of Economic Growth

Economic growth and Global Domestic Product (GDP) are one of the many aspects that drive the U.S. Market System. The target and science behind GDP is that positive economic growth is the cog that works it. An increase in Economic growth increases purchasing power, and makes a way for a healthy economy. An unwavering, strong middle class aides and produces positive economic growth and makes for a stronger resultant in Global Domestic Product.
Although, economic development is hindered by widespread corruption.
Recent data suggest that the U.S. economy is on stable ground, although performance is uneven. According to an advance estimate, GDP increased at a seasonally adjusted annualized rate of 1.5% in Q3. The result, which was well below the 3.9% expansion tallied in Q2, reflected weak fixed investment and exports, although private consumption, the motor of the economy, grew at a healthy pace. The October jobs report grabbed headlines, with payrolls surging, unemployment falling to 5.0% and other measures pointing to solid labor market conditions. Consumer spending should

economy maintains its powerhouse status through a combination of characteristics. The country has access to abundant natural resources and a sophisticated physical infrastructure. It also has a large, well-educated and productive workforce. Moreover, the physical and human capital is fully leveraged in a free-market and business-oriented environment. The government and the people of the United States both contribute to this unique economic environment. The government provides political stability, a functional legal system, and a regulatory structure that allow the economy to flourish. The general population, including a diversity of immigrants, brings a solid work ethic, as well as a sense of entrepreneurship and risk taking to the mix. Economic growth in the United States is constantly being driven forward by ongoing innovation, research and development as well as capital