The Economic Dimension of Sustainability (VCE SSCE Health and Human Development): Flashcards
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Practise the cards
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Sustainability definition
Sustainability definition
Meeting present needs w/o compromising future generations
Three pillars of sustainability
Three pillars of sustainability
Social, environmental, economic
Economic sustainability definition
Economic sustainability definition
Adequate incomes sustaining living standards & rising with inflation
Four key factors for economic sustainability
Four key factors for economic sustainability
Innovation/industry diversity, job creation, growth, trade
Why industry diversity matters for economic sustainability
Why industry diversity matters for economic sustainability
If one industry fails, others support economy & maintain stability
Why job creation essential for economic sustainability
Why job creation essential for economic sustainability
People earn wages, avoid poverty, contribute via spending & taxation
Economic growth characteristics for sustainability
Economic growth characteristics for sustainability
Sustained, inclusive, responsible
What GNI per capita measures
What GNI per capita measures
Average income per person in a country
Adding value in trade
Adding value in trade
Turning raw products into more valuable finished goods
Fair trade aims
Fair trade aims
Greater trade opportunities, decent work conditions, fair prices