Difference b/w economic development and sustainable development
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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
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✦ 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.
➥ 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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