Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is ?
Correct answer: B. sustainable development
- A. the tragedy of commons
- B. sustainable development
- C. net primary productivity (NPP)
- D. the impossibility theorem
Explanation
Sustainable development combines present economic progress with protection of the ability of future generations to meet their needs. Its key idea is balancing development with long-term environmental and resource conservation.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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