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'Saving energy and other resources for the future without sacrificing people's comfort at present is the definition of which of the following concepts?
1. Economic growth
2. Economic development
3. Sustainable development
4. Human development

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Correct Answer - Option 3 : Sustainable development

The correct answer is Sustainable development.

  •  Sustainable development
    • It is the idea that human societies must live and meet their needs without compromising the ability of future generations to meet their own needs.
    • The “official” definition of sustainable development was developed for the first time in the Brundtland Report in 1987.
    • 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.
  • Economic development
    • It is the growth of the standard of living of nations from a poor economy to a high-income economy.
    • It is a process of structural transformation with continuous technological innovation and industrial upgrading, which increase labour productivity, and accompanied improvements in infrastructure and institution, which reduce transaction costs.
  • Human development
    • It focuses on improving the lives people lead rather than assuming that economic growth will lead, automatically, to greater wellbeing for all.
    • It is about expanding the richness of human life, rather than simply the richness of the economy in which human beings live.

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