Question

Growth is advantageous to a nation because it:

Answer 1

Answer:

B). Lessens the burden of scarcity.

Explanation:

Growth(in economics) implies an increase or expansion in production of goods along with the services in a specific time period which is symbolic or indicator of efficient national economic health. It always offers a constructive impact on the national wealth and standard of living.

As per the question, growth is beneficial to a nation because it 'lessens the burden of scarcity' as growth implies a rise in production of 'goods and services' that enhances the nation's income. It corresponds enhanced living standard of people that implies the lesser pressure of 'shortage of resources' as people are able to get what they desire without any compromise. Thus, option B is the correct answer.