How do issues of power, wealth and morality influence growth?

Social Studies

1 answer:

Strike441 [17]3 years ago

7 0

Answer:

Power, wealth and morality are all elements of governance which impacts greatly on the growth an economy.

Explanation: in a Democratic government the power is distributed equally amongst the members of a government which helps in coordinating the activities of the elected as their power is limited.

Wealth tends to be availability of essential amenities and relative fairness in condition of living of the masses. Wealth as a parameter for growth is a suitably qualified economic index.

Morality affects growth in such a way that if corruption is enabled in governance then the economy is affected direly as resources meant for economic development are diverted.

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