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Define “The multiplier effect” and explain how it works. Using practical examples of how the east and north London people and firms might benefit from a multiplier effect of the Channel Tunnel terminals.
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Economics Homework for Barry 1. Define sustainable growth and write and explain using examples. Sustainable growth is when countries aren't using up all there non-renewable resources which is good as this can cause problems for the future generations, instead their using their renewable resources which allows future growth to continue. By using up all non- renewable resources it will cause future growth to end, will cause damage to the bio-diversity and may produce unsustainable pollutants, which is very bad for the economy. Sustainable growth is when the economy increases output in a way which allows future output to continue and increase. This can be done by using more of the renewable resources such as paper, glass and aluminium which can be recycled so that it isn't wasted allowing future growth to continue. Also to use less of non-renewable resources such as coal, oil which can not be recycled thereby it cause future...
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