Economy, asked by Prashantgaikar1333, 1 year ago

Difference b/w economic development and sustainable development

Answers

Answered by pankaj280
0
economic development is about the financial condition development in all categories but sustainable development is about development of society without compromising with the future generations its mainly abot natural resources
Answered by Anonymous
3
\Huge\purple{{\mathfrak{ ANSWER}}}

\Huge\green{{\mathcal{ECONOMIC\: DEVELOPMENT}}}

✦ It Refers to long term increase in real per capita income and economic welfare.

♞ It is Generally used in the context of under developed economics.

➤ It does not account for the exploitation of natural Capital.

 \Huge \bf{\pink{SUSTAINABLE\: DEVELOPMENT}}

➥ It Refers to increase in real per capita income and economic welfare of both the present and future generations.

➼ It is used for both developed and under developed economics.

➼ It emphasizes rational utilisation of natural Capital to safeguard the interest of future generations.
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