How
development is possible? of economics
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Sustainable economic growth is impossible, since the economy is an open subsystem of the Earth's ecosystem, which is finite, non-growing, and materially closed. ... Thus, the economy's infinite growth is by Nature not sustainable.
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qEconomic growth means an increase in real national income / national output. Economic development means an improvement in the quality of life and living standards, e.g. measures of literacy, life-expectancy and health care. Ceteris paribus, we would expect economic growth to enable more economic development ...✧༺♥༻✧✧༺♥༻✧✧༺♥༻✧
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