Question

According to Pearce, Markandya and Barbier (1989), what should not decline through time in sustainable development?

Options

• Population growth rates

• Gross domestic product only

• Natural capital assets

• Industrial manufacturing capacity

Answer 1

Pearce, Markandya and Barbier (1989) defined sustainable development by focusing on natural capital assets and suggesting that they should not decline through time. This perspective emphasizes that natural resources and environmental assets must be preserved and maintained for long-term sustainability.