Economic ____ is essential to meet people's _____ as the population _____.

Economic ____ is essential to meet people's _____ as the population _____.

• A. security; demands; grows
• B. growth; needs; rises
• C. freedom; desires; decreases
• D. equity; wants; fluctuates

Answer: (B)

The concept of economic growth is fundamentally linked to the ability of an economy to improve its capacity to produce goods and services, which is crucial for satisfying the increasing needs of a population. As the population rises, there is an inherent increase in demand for resources, jobs, and services. Economic growth allows for innovation, investment in infrastructure, and the creation of new industries, which all contribute to a better standard of living and enhanced quality of life. When a population expands, the economic system must adapt by developing new capacities and technologies to meet the heightened needs of its citizens. This not only serves to fulfill basic necessities but also encompasses a broader spectrum of social welfare, ultimately aiming to elevate overall societal wellbeing. Thus, economic growth is indeed essential to address the growing needs of the population effectively.

The concept of economic growth is fundamentally linked to the ability of an economy to improve its capacity to produce goods and services, which is crucial for satisfying the increasing needs of a population. As the population rises, there is an inherent increase in demand for resources, jobs, and services. Economic growth allows for innovation, investment in infrastructure, and the creation of new industries, which all contribute to a better standard of living and enhanced quality of life.

When a population expands, the economic system must adapt by developing new capacities and technologies to meet the heightened needs of its citizens. This not only serves to fulfill basic necessities but also encompasses a broader spectrum of social welfare, ultimately aiming to elevate overall societal wellbeing. Thus, economic growth is indeed essential to address the growing needs of the population effectively.