Question

Make an introduction and conclusion that has the following topics:

economic development index
sustainable development

"Growth, economic development and well-being"

sustainable development without compromising future generations

low economic development index

Answer 1

Economic development is calculated in real term where the effects of variation in the value of goods and services due to inflation distortion are also accounted for.economic development can be defined as an increase in the value of goods and services produced in an economy over a period of time. The value calculation is done in terms of percentage increase in GDP.economic development can be explained as the process by which the economic well-being and equality of life of a nation community or particular reason are improved according to predefined goals and objectives.
economic development is a combination of market productivity and welfare value of the nation. Infrastructure improvement, education and increase in capital are factors affecting economic development.

sustainable development which meet the need of the present without compromising the ability of future generations to meet their own needs. The most widely accepted definition of sustainable development was given by brundtland commission in its report our common future in 1987. Sustainable development calls for concerted efforts towards building an inclusive sustainable and resilient future for people and planet. 3 core elements of sustainable development are economic growth, social inclusion and environmental protection. It is crucial to harmonize them. Sustainable economic growth, achieving sustainable livelihood, living in harmony with nature and appropriate technology are important for sustainable development. Focuses on equal economic growth that generate wealth for all, without harming the environment. Investment and equal distribution of economic resources and eradicating poverty in all its forms and dimensions are economic sustainability.