‘Although the level of income is an important indicator of development, it is an
inadequate measure of the level of development’. Justify the statement.
What is meant by sustainable economic development? Give its main features.
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Sustainable Economic Development. It means that development should take place without. damaging the environment, and development in the present should not compromise with the needs of the future generations. This concept stresses the role of the environment as capital that, if exhausted, cannot be replaced
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