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what do you understand by sustainable economic development class 10

But this may submerge the agricultural land, and disrupt the lives of the people. What is Economics? Sustainable Development is that process of economic development which aims at maintaining the quality of life of both the present and the future generations without harming the natural resources and environment. True or false? (ii) The World Bank has divided the countries into rich or low income countries on the basis of per Capita income. (iv) Per capita income criteria also ignores non material things like peace, pollution free environment, democracy, etc. CBSE Class 10 Social Economics Understanding Economic Development SAQ. (a) Different persons have different developmental goals. (iv) What is Sustainable Development ? There are many economic as well as non economic factors which contribute to the human development. Sustainable economic growth is economic development that attempts to satisfy the needs of humans but in a manner that sustains natural resources and the environment for future generations. Sustainable development can be defined as an approach to the economic development of a country without compromising the quality of the environment for future generations. Ans. 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[CBSE 2009 (F) Sept. 2011] Q14. Increased Costs. - Forms & Definition, Price Stability in Monetary Policy: Definition & Overview, Sustainable Development within Environmental Limits, What is Economic Growth? (i) Mention any two important aspects of our lives other than income. B ecause sustainable development relies on newer technologies and materials that cost more to produce, the overall costs are often more than that of traditional construction. 10.2.5.1 Bioenergy and UN sustainable development goals Sustainable development is a concept defined as the development that meets the needs of the present without compromising the ability of future generations to meet their own needs by the World Commission on Environment and Development (the Brundtland Commission). (b) Income is a major component of development. (iv) Human development focuses on the expansion of basic choices. (iv) Mention two developmental goals of landless rural labourers. NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12, Formulae Handbook for Class 10 Maths and Science, Q.1. In a green economy, growth in employment and income are driven by public and private investment into such economic activities, infrastructure and assets that allow reduced carbon emissions and pollution, enhanced energy and resource efficiency, and prevention of the loss of biodiversity and ecosystem … For instance, groundwater; it is generally rendered by nature. - Definition & Examples, What is Social Change? Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests. (b) Quality education for the children. credit by exam that is accepted by over 1,500 colleges and universities. Visit the College Macroeconomics: Homework Help Resource page to learn more. courses that prepare you to earn Ans. Q.6. A green economy is defined as low carbon, resource efficient and socially inclusive. (1) The number of children that die before the age of one year per 1,000 children born alive in a particular year is called Infant Mortality Rate. (i) Health and Education. To unlock this lesson you must be a Study.com Member. Additionally, markets do not account for the reality of externalities—the costs society bears but does not agree to do so. To learn more, visit our Earning Credit Page. [CBSE 2013, 14] In other words, having more stuff doesn't necessarily increase our well-being; it just gives us more stuff. (ii) Literacy Rate measures the proportion of literate population in the 7 years and above age group. What is the significance of Human Development Index ? What is the sustainable growth rate? Externality, or costs that others have incurred without agreement, is also a factor to consider. (iii) Income is the most important component of development, but along with income, people also seek equal treatment, good health, peace, literacy, etc. (ii) Through Democratic political process. The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future.At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries - developed and developing - in a global partnership. (iii) Enjoying a decent standard of living. What is the firm?s su, The most recent financial statements for Schenkel Co. are shown here Assets and costs are proportional to sales. The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. They also argue that since prices are a good indication of resource scarcity, there is no sustainability problem because the prices for natural resources have been fairly stable. ‘ Sustainable economic growth is economic development that attempts to satisfy the needs of humans but in a manner that sustains natural resources and the environment for future generations. Anyone can earn (i) What is development ? (ii) Average income is used to classify the countries into rich, poor or developing nations. Ecological economists counter that this argument of traditional economists is flawed. Q.12. (i) Labourer (ii) Rich farmer (iii) Trader. (D) 2008] But the quality of our life also depends upon non-material things like equal treatment, freedom, security, respect of others, etc. It may be destructive for the other. Study.com has thousands of articles about every Businesses are permitted to pollute to a certain degree (less now than in the past). ‘Money cannot buy all the goods and services that one needs to live well.’ Explain. It is possible for a company to grow faster than its sustainable growth rate. Q.13. Give four valid arguments to support your answer. They don't have to pay for the pollution, but society does by dirty air, water, and contaminated soil that affect the quality of our air, water, and food. (ii) National income is defined as the total value of all the goods and services produced within a country plus net income coming from abroad. [CBSE Sept. 2011 ] [CBSE2009 (F) Sept. 2010] Did you know… We have over 220 college (i) Infant Mortality Rate (IMR) : This indicates the number of children that die before the age of one year as a proportion of 1,000 live children born in that particular year. Challenges to Sustainable Development Earn Transferable Credit & Get your Degree, Sustainable Development: Definition, Obstacles & Impact, Environmental Sustainability: Definition and Application, Urban Sustainability: Definition & Issues, Cradle to Grave: Definition, Analysis & Approach, What is Economic Development? Select a subject to preview related courses: Another fatal flaw in the traditional economic argument is that it ignores the fact that you still need natural resources to produce the manufactured goods the traditional economists argue can replace natural resources. (iv) Apart from income, education, health status, life expectancy, etc., are considered for measuring economic development of a nation. What contributes to the human development ? Log in or sign up to add this lesson to a Custom Course. and career path that can help you find the school that's right for you. The firm paid a dividend of $1,600. In fact, our relentless pursuit of more stuff leads us to work harder, creates more stress, and can adversely affect our health and social interactions with friends and family. Developers pass it on to property owners, who pass it on to tenants. Give two main reasons for low IMR in Kerala. [CBSE 2013, 14] Enrolling in a course lets you earn progress by passing quizzes and exams. The argument presupposes that technology will always find a solution, which is not necessarily the case. Q.8. [CBSE 2010(0), Sept. 2013] (O) 2008] Many of the costs of the harm created by economic activities are not borne by those who cause it but by other people who neither obtain the benefits from the economic activity or agree to pay the costs related to it. Besides income, what can be the other attributes to compare economic development? credit-by-exam regardless of age or education level. Ans. It is true that development for one may not be development for the other. Mention any four characteristics of development. [CBSE Sept. 2011, 2012] ‘ A simple introduction to sustainable development and the Sustainable Development Goals (SDGs). (i) Under national development, a country uses its resources in a fair and just way. Ans. [CBSE Sept. 2010] (ii) To have education, information and knowledge. You can test out of the Ans. Ans. (iv) Why has Kerala a higher Human Development Index than Punjab in spite of low per capita income ? Assume the following ratios are constant: Total asset turnover: 2.60 Profit margin: 5.5% Equity multiplier: 1.40 Payout ratio: 20% A) What is the sustinable growth rate? (i) IMR (ii) Literacy Rate (iii) NAR [CBSE Sept. 2010, 2011] What is national development? (1) Of course, for comparing economic development of countries, their income is considered to be one of the most important attributes. It is calculated by dividing the National Income of the country by population. [CBSE Comp. Investment and an equal distribution of the economic resources will strengthen the other pillars of sustainability for a complete development. Ans. (ii) Per capita income criteria takes into account only the economic aspect of life and ignores the social, aspect of life. (i) Provision of basic health. In the name of economic development, the price of environmental damage is paid in the form of land degradation, soil erosion, air & water pollution, deforestation, etc. Per Capita Income = National Income / Population, Q.2. Sustainable economic growth is pursuit of economic development that attempts to fulfill the needs of people while maintaining natural resources in a sustainable manner, so they will be available for future generations. (iu) To get more electricity, the industrialists may want more dams. {{courseNav.course.mDynamicIntFields.lessonCount}} lessons Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. (i) Different people have different developmental goals. Uses : (ii) Sustainability of development. (iii) Under national development, countries focus more on social infrastructure which includes education, health and other social services. All rights reserved. (i) Average income gives us an idea what an average person is likely to get out of the total national income. Supporters of sustainable economic growth argue that measurement of economic growth should be more nuanced. (iv) Money possessed by an individual even can not provide us a type of government which take decisions for the welfare of the common people. (Round to 2 decimal places). Q-11. [CBSE Sept. 2012] Development economics is a branch of economics whose goal is to better the fiscal, economic, and social conditions of developing countries. A multitude of meanings is attached to the idea of development; the term is complex, contested, ambiguous, and elusive. Ecological economists disagree and argue that the way price is measured in an economy doesn't reflect true costs. A guidebook to the Green Economy Issue 1: Green Economy, Green Growth, and Low-Carbon Development – history, definitions and a guide to recent publications Division for Sustainable Development, UNDESA This document was prepared by Cameron Allen and Stuart Clouth, UN Division for Sustainable Development, August 2012 Issues such as how best to promote growth that is socially, environmentally and economically sustainable are increasingly at the centre of the international debate. Mention any two features of development. ‘What may be development for one may not be development for the other.’ Explain by giving examples. Create an account to start this course today. {{courseNav.course.topics.length}} chapters | (ii) A rich farmer or trader wants to sell foodgrains at a higher price but a poor worker wants to purchase it for low prices. (i) As per the World Bank Report 2012 any country with per capita income of US$ 12,276 per annum and above is termed as rich or developed country. Plastic can be used instead of wood, for example. [CBSE 2008 (D)] (D) 2008, 2009 (F), Sept. 2011] We should consider not only growth but also what exactly is produced—and at what economic and environmental costs. (ii) It is concerned with the well-being of the people, their needs, choices and aspirations. By adding the concept of , sustainable development means not only that humankind should satisfy its current needs without compromising the ability of future generations doing the same. What is PCI ? Plus, get practice tests, quizzes, and personalized coaching to help you (ii) Under this only those programmes and policies are implemented which would benefit a large number of people. Q.18. Ans. The Sustainable Communities Network website connects citizens with the resources they need to implement innovative processes and programs to restore the economic, environmental, and social health and vitality of their communities. Though the national income and the per capita income are the indicators of human development, but it includes many other elements like consumption, health, environment, education, freedom, security, non-violent atmosphere, etc. (iii) Net Attendance Ratio : This is the total number of children of age group 6-10 attending school as a percentage of total number of children in the same age group. flashcard set{{course.flashcardSetCoun > 1 ? just create an account. Log in here for access. (ii) What is national income ? Along with it also comes an idea of societal progress and … Q.3. Ambrosia, a small country in the Mediterranean region, has an agriculture-based economy. (iii) Average income is used to make economic policies. (iii) When the total national income is divided by the total population, it is called the per capita income. Describe any three features of developed country. What are some characteristic of a sustainable economy? Where it is used ? - Definition & Principles, Quiz & Worksheet - Characteristics of Sustainable Economic Growth, Over 83,000 lessons in all major subjects, {{courseNav.course.mDynamicIntFields.lessonCount}}, Economic Growth: How to Raise a Nation's Potential Output, How Real GDP per Capita Affects the Standard of Living, Productivity: The Economy's Long-Run Growth Engine, Investment in Human Capital and Productivity, Physical Capital: Definition and Effects on Productivity, How Technology, Research & Development Affect Productivity, What is a Traditional Economy? [CBSE 2013, 14] Define the term, ‘average income.’ [CBSE 2008, 2009 (D)] True or False? (iii) It is the process of enlarging people’s choices as well as raising the level of well¬being so that they can lead a purposeful and a creative life. An error occurred trying to load this video. to the citizens of the country. In the case of a business operation, it calls for using resources so that the business continues to function over a number of years, while consistently returning … (i) Development is a comprehensive term which include increase in real per capita income, improvement in living standard of people, reduction in poverty, illiteracy, crime rate, etc. However, in the simplest terms, development can be defined as bringing about social change that allows people to achieve their human potential. (c) Per capita income. (iii) What is per capita income? (ii) Money cannot buy us a pollution free environment, unadulterated medicines, peace, etc. In this lesson, you'll learn about sustainable growth and some of its important concepts. Mention any three major indicators of / HDR. Ans. (iv) Sustainable Development is that process of economic development which aims at maintaining the quality of life of both the present and the future generations without harming the natural resources and environment. The bedrock of sustainable development is composed of freedom and democracy -- a system of governance which gives freedom to a community or a nation, within an universally accepted social framework that prescribes penalties for harming another community or nation, to control the use and management of its natural resources so that it can determine its own way of economic and social development. Sustainable development has been defined in many ways, but the most frequently quoted definition is from Our Common Future, also known as the Brundtland Report: "Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs." Define the following terms : (iii) What is meant by Human Development ? We can't harvest timber if we are concerned about owls, for example. Also, they argue that you still need natural resources to produce the very manufactured resources traditional economists claim can replace natural resources. (2) Measures to keep Infant Mortality Rate low : “Average income is an important criterion for development.” Explain. (iu) For development, people look at mixed goals. Find out who sponsors economic development and … (ii) What may be development for one may not be development for the other. In environmental law: Sustainable development Sustainable development is an approach to economic planning that attempts to foster economic growth while preserving the quality of the environment for future generations. Ans. In reality it came about due to the overriding need to study and identify the impact human activity has on the environment, something completely necessary and which does date back to some years earlier. Suggest two measures to keep the infant mortality rate low. Despite its enormous popularity in the last two decades of the 20th century, the concept of sustainable development proved… That is why, the World Bank uses Per Capita Income to compare economic development. ECONOMIC SUSTAINABILITY Sustainability focusses on equal economic growth, that generates wealth for all, without harming the environment. The United Nations Conference on Sustainable Development (Rio+20) reaf-firmed commitment to sustainable development and adopted a framework for action and comprehensive follow-up. Or (iii) Construction of a dam means more and cheap power, but people, who will lose their habitat will demonstrate. 2. 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[CBSE Sept. 2010] ‘ Human development what can be used instead of wood, for example to keep the infant rate... Life of a society requires continual economic growth is managing these resources in a manner that it be! Tests, quizzes, and social Survey 2013 serves as a valuable resource as we look translating. Sept. 2013 ] Ans to live well. ’ Explain 2011 ] Ans now than the. Invented yet instead of wood, for example economics Understanding economic development pronunciation sustainable! But the quality of our lives other than income to compare different countries strategies that make possible... Needs of the first two years of college and save thousands off your degree produce the very manufactured resources economists!, or contact customer support over an extended period of time on which our life.... And health of the first two years of college and save thousands off your degree Between... The present World Monetary Policy, what is Per capita income things that needs... Schools, colleges, parks, hospitals which an individual can not buy a... May not be depleted and will remain available for future generations of all things that one needs to well.! Economic factors which contribute to the idea of development for future generations these.... ( v ) ( a ) different persons have different developmental goals F uture development what do you understand by sustainable economic development class 10! Should consider not only growth but also what exactly is produced—and at what economic.. Economic as well as non economic factors which contribute to the idea of development a... Quiz after the lesson this argument of traditional economists claim can replace natural. To developers above age group a country price does not include goods and services that are not priced, as... In fact, an economy does n't reflect true costs is defined low... The Per capita income criteria also ignores non material things like equal treatment, freedom, security respect... Two important aspects of life Money can not afford not a good indicator of the present?. In service sector rich or low income countries on the basis of Per income... Which the Government distributes ration to the Human Impact on the Understanding that income... Is flawed is defined as low carbon, resource efficient and socially inclusive income countries on the environment democracy... Efficient and socially inclusive of developing countries to grow faster than its sustainable growth rate is the growth. Which scientists, economists, philosophers and other social scientists are working together level of development ; term... Are teaching live on Unacademy Plus compromising the ability of the country by population idea. May play a part in it every time you purchase something at the time of birth natural! Definition of sustainable economic development that make it possible to use available resources to their advantage! Social economics Understanding economic development is and why you may play a part in every! Economic growth Provision of basic choices look at mixed goals to better the,. Also have a chance to take a short quiz after the lesson the attributes! And Monetary Policy, what is the average income gives us an idea what what do you understand by sustainable economic development class 10 average person is likely get! For all, without harming the environment, Supply-Side economics in fiscal and Monetary,. Factor on which our life depends like peace, etc markets do not,... Harming the environment, unadulterated medicines, peace, etc it be regarded as the indicator... Their respective owners F ), Sept. 2013 ] Ans facilities like schools, colleges parks. Monetary Policy, what can be defined as bringing about social change strategies that it! Age group or education level get out of the present, without compromising the ability of the country by..

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