Question

I Compare and contrast the meaning of
development in terms of NI/PCI and HDI
approach .
2) Define sustainable development, Discuss its necessity for economic growth and development .
3) Classify the economy on the basis of
a) Nature of economic activity
b) Nature of employment
c) Ownership of assets.
4) Compare and contrast the three sectors in terms of their contribution to GDP and employment​

Answer 1

Sustainable development:

• A sustainable development is defined as the development that is helpful for all and can be sustained for long time as well as that which will help to sustain life happily for a long time.
• A development can be in any fields, may be in field of economy, politics, agriculture, education etc.
• But, the change is only called a development only when it is helpful for mankind.
• And, it’s called a sustainable environment only if it helps to sustain the life.

To learn more about sustainable development:

How is sustainable development related to resource planning ?

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Exhaustion of natural resources is a threat to sustainable development discuss

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