Fewpal
+1 vote
1.6k views
in Economics by (127k points)

"The Earth has enough resources to meet the needs of all but not enough to satisfy the greed of even one person". How is this statement relevant to the discussion of development? Discuss.

1 Answer

+1 vote
by (9.9k points)
 
Best answer

"The Earth has enough resources to meet the needs of all but not enough to satisfy the greed of even one person". This statement is relevant to the discussion of development since both resources and development go hand in hand. For the sustainability of development, the maintenance of resources is also crucial. As the statement claims, the Earth has enough resources ”renewable and non-renewable” to satisfy everyone's needs; however, these need to be used with a view to keeping the environment protected and clean so that a balance of production and use is maintained, and shortages are avoided.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...