What are the Benefits to Economic Growth?

-Economic Growth wil Increse Labour Demand -Firms will be Successful so Employees get Higher Wages and thus a Rise in Living Standards [Prices must be Stable] -Firms also get more Profits as Consumers spend more from their more Income. Profits used to Invest, Hire and R&D Development causing LRAS to Shift -Firms making more can possibly mean more Exports -Government Tax Revenue, from more Income and Profits, will rise, and spend less on Unemployment Beneifts. Can help their Fisical Stance as a whole [Less need to Borrow] -Evnironment may Benefit as Firms can Invest in Cleaner and Efficient Production Processes