Question

How economic development of a country depends on its environment?

Answer 1

Economic development is the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. The concept, however, has been in existence in the West for centuries. Modernization, Westernization, and especially Industrialization are other terms people have used while discussing economic development. Economic development has a direct relationship with the environment andenvironmental issues.

Whereas economic development is a policy intervention endeavor with aims of economic and social well-being of people, economic growth is a phenomenon of marketproductivity and rise in GDP. Consequently, as economist Amartya Sen points out, "economic growth is one aspect of the process of economic development".

Answer 2

Answer:

Higher levels of development may also lessen environmental damage, even while increases in income per capita due to economic expansion may cause environmental deterioration through increased resource use. Even element by element, the interaction between economic development and the environment is complex. This opposing effect on environmental outcomes occurs through several routes or slows down environmental degradation.

Explanation:

Economic growth is not a unified force. It takes many different forms and has an impact on a variety of behaviors. As a result, it does not consistently affect environmental quality. While the growth of the services sector may not result in an increase in air pollution, manufacturing-driven economic growth frequently does. For the sake of this essay, I define economic development as a collection of phenomena, such as higher average household income, more established capital markets, and better physical infrastructure, that typically lead to or accompany greater economic prosperity.

The relationship between economic development and the environment is complex and each component of development has the potential to either hasten or slow down environmental deterioration.

#SPJ3