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Is a growing middle class the real key to economic growth? 

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Some experts have raised concerns about our preoccupation with economic growth, like Madhavi Venkatesan, an associate teaching professor of economics at Northeastern University. 

Some people “truly believe that their purpose is to consume, the focus should be to get as much income as possible [and] firms should be maximizing profits,” Venkatesan said. “But the part of well-being is not in the quantitative values, but in the qualitative values.”

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Is a growing middle class the real key to economic growth?

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