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What is meant by ‘Sustainable Development’? - Economics

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What is meant by ‘Sustainable Development’?

What is sustainable development?

Long Answer
Short Answer
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Solution 1

  1. Sustainable development means development that meets the needs of present generations without compromising the ability of future generations to meet their own needs.
  2. For development to be sustainable, it must take into account social and ecological factors in addition to economic aspects of the living and non-living base, both in the long run and in the short term.
  3. The three main elements of sustainable development are the well-being of human society, the well-being of the environment, and sustainability over time.
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Solution 2

The concept of sustainable development holds that human civilisations must exist and satisfy their needs without compromising the capacity of future generations to do the same. The “official” definition of sustainable development was developed for the first time in the Brundtland Report in 1987.

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Notes

Students can refer to the provided solutions based on their preferred marks.

Sustainable Use of Resources
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Chapter 15: Striving for a Better Environment - QUESTION BANK [Page 275]

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