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Sustainability, more recently referred to as ‘sustainable development', came from the idea of integrating economic development and environmental protection. The concept is based on the recognition that the earth's resources are finite and through a better understanding of the global environment, steps should be taken to halt and reverse the negative impacts of human development." Development that improves the quality of life, both now and in the future, in a way that maintains the ecological processes on which life depends" It requires at least four broad objectives of ecological, social, cultural and economic sustainability.
sensors see details and seek detail and precision intuitions see generalities
Q. What can we do then while aiming at the public policy? From the above, one task emerges immediately, that is of quantifying all economic and non economic effects of a certa
Question 1: i) Describe the concept of circular flow of income. ii) Comment on the view that ‘GDP is the best measure to evaluate economic growth and standard of living'. iii)
concept of indifference curve
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explain the stages and various coordination mechanisms involved in policy processes
What are objectives of fiscal policy
Types of production function
Question 1: (a) Describe and distinguish between the Linear Stages Theory and the Structural Change Models. (b) What are the limitations of each of the above two models.
with the aid of labelled production possibilty frontier explain the concept of opportunity cost
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