Question

Affluence trap means ______ 

Options

• Affluence trap means environmental degradation trap. 

• When a nation becomes more affluent (economic well being of all, it uses up more natural resources in order to provide for the necessities of its people.

• Both Affluence trap means environmental degradation trap and When a nation becomes more affluent (economic well being of all, it uses up more natural resources in order to provide for the necessities of its people.

• None of the above

Answer 1

Both Affluence trap means environmental degradation trap and When a nation becomes more affluent (economic well being of all, it uses up more natural resources in order to provide for the necessities of its people.

Explanation:

In layman's terms, affluence refers to financial well-being, while a trap is something that traps us and prevents us from escaping. Affluence trap indicates environmental degradation trap in economic terms. When a country becomes more prosperous (all economic well-being), it depletes more natural resources in order to meet the needs of its citizens. This excessive use of natural resources has negative consequences for the ecosystem. The high level of consumption associated with high levels of affluence is rapidly depleting natural resources in the industrialised world's rich countries; as a result, these countries are becoming caught in a scenario of severe environmental degradation.