economic sustainability

Question 1

sustainability

Answer 1

‘meeting the needs of today without compromising the ability of future generations to meet their own needs.’

Question 2

Economic sustainability

Answer 2

Refers to ensuring that average incomes are adequate across all countries to sustain a decent standard of living. They need to continue to increase in line with inflation and living costs.

Question 3

Economic sustainability specifically improves health and wellbeing by:

Answer 3

Ensuring all people earn a decent income

Increasing the capacity of governments to provide services and infrastructure

Ensuring children can stay in school

Question 4

Innovation and diversity of industries

Answer 4

A range of industries are required to ensure that interruptions to specific industries (such as drought for ag industry) will not cause economic catastrophe within a country.

Question 5

innovation and diversity of industries Impact on health and wellbeing in a global context

Answer 5

Having diversity in industries can allow for a range of opportunities to enhance economic growth worldwide. If one industry faces difficulty, for example due to extreme weather conditions, the country is able to stay economically stable and both current and future generations can retain jobs, increase incomes and enhance mental hwb through lower levels of stress and anxiety globally.

Question 6

Economic growth

Answer 6

Ensuring economic sustainability requires sustained growth in gross national income per capita to counter the impact of inflation.

Question 7

economic growth Impact on health and wellbeing in a global context

Answer 7

Sustainable incomes of a country and its people ensure that essential resources remain affordable such as food, reducing the likelihood of illness and disease worldwide and improving physical hwb for current and future generations globally.

Question 8

Trade

Answer 8

Fair trade is about achieving greater opportunities for international trade, decent working conditions and fair prices for products in low and middle income countries.

Question 9

trade Impact on health and wellbeing in a global context

Answer 9

With a greater focus on fair trade, those in low and middle income countries have more opportunities to receive a fair price for their products, which assists in reducing poverty worldwide. And increases access to resources such as food, clean water and healthcare. This can reduce the risk of infectious/waterborne diseases and promotes physical HWB for both current and future generations in a global context.