Answer to Question #321217 in Sociology for Yo_yo

Question

1. Orthodox or conventional economists say that to address unequal growth between the rich and the poor, the world economy needs to grow more. Do you agree with this idea? Why or why not?

2. What does the term “de-develop” mean? Is it a positive or a negative idea? Explain your answer.

3. According to investopdia.com, a steady-state economy is an economy structured to balance growth with environmental integrity, seeking to find an equilibrium between production growth and population growth. This type of economy aims for the efficient use of natural resources but also seeks a fair distribution of the wealth generated from the development of those resources. Is this type of economy more plausible than continued, unlimited economic growth? Why or why not?

4. How can humanity possibly find a balance between economic growth and social justice?