Question

what acoording to you is economic development? What should be the co- relation between economic development and environmental protection? [Class 10 Economics]​

Answer 1

$\huge \boxed{ \fcolorbox{orange}{orange}{Answer}}$

• Economic development is the growth of the standard of living of a nations people from a low-income (poor) economy to a high-income (rich) economy. When the local quality of life is improved, there is more economic development.

• Economic development and environmental protection: an ecological economics perspective. Ecological economics interprets the environment-economy relationship in terms of the second law of thermodynamics. The second law sees economic activity as a dissipative process.