Paper 2 · Elasticity of Demand and Supply
A disadvantage of rapid economic development is that
Aexpanding industry and mining pollute the air, water and land
Bthe country becomes unable to import the machinery it needs
Clife expectancy falls as more households gain access to clinics
Dthe government collects less tax as more people find paid work
Explanation: Growth in industry, mining and transport brings negative externalities: polluted air and rivers, deforestation and land degradation. Non-renewable resources are also drawn down faster than they can be replaced, which passes a cost on to future generations.
Derived from ZIMSEC Economics 4050/2 Paper 2, June 2023, Q1