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Questions and Answers
What is a key challenge in economic development?
What is a key challenge in economic development?
- Achieving growth while maintaining environmental quality (correct)
- Reducing trade deficits
- Increasing industrial production at all costs
- Implementing stricter labor laws
What is a key aspect of sustainable economic development?
What is a key aspect of sustainable economic development?
- Long-term environmental stewardship (correct)
- Unlimited resource extraction
- Higher production quantities
- Lower product prices
Why is sustainable economic development important?
Why is sustainable economic development important?
- To promote entrepreneurship
- To reduce government regulations
- To increase profit margins
- To ensure environmental protection for future generations (correct)
Which approach can foster sustainable economic development?
Which approach can foster sustainable economic development?
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What is a goal of sustainable economic development?
What is a goal of sustainable economic development?
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Study Notes
Key Challenges in Economic Development
- One of the key challenges in economic development is balancing economic growth with environmental and social considerations.
Sustainable Economic Development
- A key aspect of sustainable economic development is to meet the needs of the present without compromising the ability of future generations to meet their own needs.
Importance of Sustainable Economic Development
- Sustainable economic development is important because it helps to reduce poverty, improve living standards, and promote environmental stewardship.
Approaches to Sustainable Economic Development
- An approach that can foster sustainable economic development is the integration of economic, social, and environmental factors into decision-making processes.
Goals of Sustainable Economic Development
- A primary goal of sustainable economic development is to create a high quality of life for all people, while also protecting the natural environment and promoting social justice.
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Description
Test your knowledge on how economic development can be sustainable while protecting the environment, the challenges and importance of sustainable economic development, key aspects, approaches, and goals of sustainable economic development.
