Economy, asked by hamedateilawai, 8 months ago

What effect does Economic Development have on the Country's Resources and Environment? ​

Answers

Answered by hritiksingh1
8

Answer:

The environmental impact of economic growth includes the increased consumption of non-renewable resources, higher levels of pollution, global warming and the potential loss of environmental habitats. However, not all forms of economic growth cause damage to the environment.

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Answered by Crystal2407
1

Answer:

The links between the economy and the environment are manifold: the environment provides resources to the economy, and acts as a sink for emissions and waste. Natural resources are essential inputs for production in many sectors, while production and consumption also lead to pollution and other pressures on the environment.

Environmental Impact on Economic Growth

Economic growth means an increase in real output (GDP). Therefore, with increased output and consumption we are likely to see costs imposed on the environment. The environmental impact of economic growth includes the increased consumption of non-renewable resources, higher levels of pollution, global warming and the potential loss of environmental habitats.

However, not all forms of economic growth cause damage to the environment. With rising real incomes, individuals have a greater ability to devote resources to protecting the environment and mitigate the harmful effects of pollution. Also, economic growth caused by improved technology can enable higher output with less pollution.

For example, the pace of global economic growth in the past century has led to a decline in the availability of natural resources such as forests (cut down for agriculture/demand for wood)

  • A decline in sources of oil/coal/gas
  • A decline in sources of oil/coal/gasLoss of fishing stocks – due to overfishing
  • A decline in sources of oil/coal/gasLoss of fishing stocks – due to overfishingLoss of species diversity – damage to natural resources has led to species extinction.

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