2.2 Development Flashcards
What are the three sectors of an economy?
Primary, Secondary, Tertiary
The primary sector involves the extraction of natural resources, the secondary sector involves manufacturing and construction, and the tertiary sector focuses on services.
What is the policy objective of sustainable development?
To meet the needs of the present without compromising the ability of future generations to meet their own needs.
Sustainable development integrates economic growth, environmental stewardship, and social inclusion.
Evaluate the relationship between economic growth and sustainable development.
Economic growth can contribute to sustainable development, but it must be managed to avoid environmental degradation and social inequality.
Sustainable development seeks to balance economic growth with ecological sustainability and social equity.
What are some macroeconomic measures used to evaluate economic performance?
GDP, Human Development Index (HDI), alternative social and cultural indicators.
These measures provide insights into economic health, quality of life, and social progress.
Fill in the blank: The primary sector of the economy involves _______.
extraction of natural resources
True or False: The secondary sector focuses primarily on services.
False
The secondary sector is mainly concerned with manufacturing and construction, while the tertiary sector focuses on services.
What does GDP stand for?
Gross Domestic Product
Fill in the blank: The Human Development Index (HDI) is a measure of _______.
human development
List the three sectors of the economy.
- Primary
- Secondary
- Tertiary
True or False: Sustainable development is only concerned with economic growth.
False
Sustainable development encompasses economic growth, environmental protection, and social inclusion.
