110k views
1 vote
Differentiate between economic development and sustainable development?

1 Answer

2 votes

howdy! i hope you are having a good day!

Economic Development:

focus: economic development primarily emphasizes the growth of a nation's economy. it is often measured by indicators such as Gross Domestic Product (GDP), income per capita, and industrialization.

objective: the main goal of economic development is to increase the wealth and prosperity of a country or region. it aims to improve the standard of living, create jobs, and boost economic output.

Sustainable Development:

focus: sustainable development takes a broader and more holistic approach. it seeks to balance economic, social, and environmental goals. it is often associated with the United Nations' Sustainable Development Goals (SDGs).

objective: the primary objective of sustainable development is to meet the needs of the present generation without compromising the ability of future generations to meet their own needs. it aims to achieve economic growth while safeguarding the environment and promoting social equity.

User Ahmad Taha
by
8.7k points

No related questions found