Sale of petrol and diesel cars is rising particularly in big cities. Analyse its impact on Gross Domestic product and Welfare.
Sale of petrol and diesel cars is rising particularly in big cities. Analyse its impact on Gross Domestic product and Welfare.
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As the sale of petrol and diesel cars is rising in big cities, it means people are demanding more cars. To meet the increasing demand of the people, the producer will increase "their level of production of cars leading to rising in GDP. Due to rising sale of petrol and diesel cars in big cities, the pollution level will increase. Due to increase in pollution level, people will suffer from respiratory diseases, lung cancer, etc. This will reduce the welfare of people.
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