Is degrowth a good idea? Some economists say it is time to stop focusing on economic growth. Instead, they find the economy should shrink.
The radical plan to shrink the economy
Is degrowth a good idea? Some economists say it is time to stop focusing on economic growth. Instead, they find the economy should shrink.
<h2 class="wp-block-heading eplus-wrapper">What's happening? </h2>
It is one of the most important measures of any economyThe way that money flows through a country, which affects wages and the cost of living.: GDPShort for Gross Domestic Product, the measure of all the goods and services produced inside a country..
Gross Domestic Product measures all of the goods and services produced in an economy. Most of the time, leaders want to make sure it keeps growing.
Now, some say it is time to rethink.
GDP takes into account the time people spend at work or buying things in shopping centres. But it does not measure how happy and healthy they are.
Most people think that when the economy grows, people are happier, and when it shrinks, people have a hard time.
But now, some say this is not always true. Some think it is time to make the economy shrink. They think we should stop using up the Earth's resourcesA stock or supply of things, such as money or food, that can be used to fulfil a purpose. Earth's natural resources include air, water, soil, minerals, fuels, plants, and animals. to make so many things. This is called degrowth.
<h2 class="wp-block-heading eplus-wrapper">Find out more</h2>
Yes! Degrowth is a good idea. It would not make people any worse off. And it could also help the planet.
No! Economic growth has allowed us to make new things, have better lives and live for longer. We can help the planet without shrinking the economy.
Economy - The way that money flows through a country, which affects wages and the cost of living.
GDP - Short for Gross Domestic Product, the measure of all the goods and services produced inside a country.
Resources - A stock or supply of things, such as money or food, that can be used to fulfil a purpose. Earth's natural resources include air, water, soil, minerals, fuels, plants, and animals.
<h5 class="wp-block-heading eplus-wrapper" id="question"><strong>Is degrowth a good idea? </strong></h5>
The radical plan to shrink the economy
Glossary
Economy - The way that money flows through a country, which affects wages and the cost of living.
GDP - Short for Gross Domestic Product, the measure of all the goods and services produced inside a country.
Resources - A stock or supply of things, such as money or food, that can be used to fulfil a purpose. Earth's natural resources include air, water, soil, minerals, fuels, plants, and animals.