What Are the Limits to The U.S. Long-Term Economic Growth? Is There Anything That Our Government Can Do to Address These Limits, Or Would It Be a Bad Idea to Try?

What Are the Limits to The U.S. Long-Term Economic Growth? Is There Anything That Our Government Can Do to Address These Limits, Or Would It Be a Bad Idea to Try?
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What Are the Limits to The U.S. Long-Term Economic Growth? Is There Anything That Our Government Can Do to Address These Limits, Or Would It Be a Bad Idea to Try?
Resource scarcity, the growth in service industries, and the third-world predicaments have been identified by economists as important limits to the U.S. long-term economic growth (Tainer, 1996). The changing way of life in the U.S. is exceedingly hampering the economic growth, particularly considering energy consumption and environmental damage. The U.S. ends up using large quantities of non-renewable resources more than other countries in the world. Goods are shipped for long distances with Americans making extensive travels. Economic growth will be affected some day when the oil deposits will be depleted. The service industry operates in a manner that it is dependent on resources that will, in future, be depleted. For instance, the leading service industries in the U.S., such as the transport industry and the tours and travel companies, are h...