How do advantages of exploiting natural resources with short term gains in mind differ from the advantages of managing our resources wiyh a long term perspective
Answers
In addition to increasing private incomes, economic growth also generates additional resources that can be used to improve social services (such as healthcare, safe drinking water, etc.). By generating additional resources for social services, unequal income distribution will be mitigated as such social services are distributed equally across each community, thereby benefiting each individual. Concisely, the relationship between human development and economic development can be explained in three ways. First, increase in average income leads to improvement in health and nutrition (known as Capability Expansion through Economic Growth). Second, it is believed that social outcomes can only be improved by reducing income poverty (known as Capability
Answer:
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Explanation:
In the case of a long-time perspective in managing our resources, these resources will last for the generations to come. This management ensures uniform distribution among the people. It conserves the natural resources for many years and not just for a few years, as in the case of a shortterm perspective in conserving natural resources.
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