Impact Of The Economic Development Of The Environment

Question 1

What is sustainable development?

Answer 1

It’s development that meets the end of the presents without compromising the ability of the future generations to meet their own needs.

Question 2

Why does economic development take place at the risk of the environment?

Answer 2

• deforestation takes place
• Fresh water is polluted
• Huge Carbon dioxide footprints

Question 3

What needs to happen for us to be able to use our resources in a productive and responsible manner?

Answer 3

• all businesses must commit to use resources in a responsible and productive manner.
• no business must take from the environment without giving back.
• Focus should be on using renewable resources.
• Businesses should strive to lower their impact on environment

Question 4

How will the responsible use of resources contribute to the development of the economy and higher standards of living?

Answer 4

• if they are use responsibly we will be able to make more products, while using fewer resources. Known as economic principle.
• GDP is the total value of finished goods and services produce within SA in a year.
• If more goods and services can be produced we’ll achieve economic growth and more needs will be satisfied and it’ll lead to higher standard of living

Question 5

What is the economic principle?

Answer 5

It’s minimizing inputs while maximizing outputs.

Question 6

What does GDP stand for?

Answer 6

Gross Domestic Product.

Question 7

Which three areas do the businesses have to achieve sustainable growth and development?

Answer 7

• Economic Sustainability
• Social sustainability
• Environmental sustainability

Question 8

Explain Economic sustainability?

Answer 8

It looks at the ability to use resources over the long term in a responsible manner, while still achieving its profit.

Question 9

Explain Social sustainability?

Answer 9

The impact on the business on the community. It’s important that the business has a long term relationship with the community.

Question 10

Explain Environmental sustainability

Answer 10

The responsibility of the business to reduce negative impact it has on the environment.

Question 11

Define economic growth?

Answer 11

An increase in the output that a country’s economy produces over a defined period of time. It represents the total rand value of all goods and services produced over a specific time period.m

Question 12

Define GDP?

Answer 12

It includes all private and public spending, government expenses and assets and exports minus imports that occur within a particular country, hence GDP is a broad measurement of a country’s total economic activity.