Economic Growth and Sustainable Development (Junior Cert Business Studies): Flashcards
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Practise the cards
15 cards from this deck
Three pillars of sustainability
Three pillars of sustainability
Social, Environmental, Economic
Social pillar focuses on
Social pillar focuses on
People and communities
Environmental pillar protects
Environmental pillar protects
Planet and natural resources
Economic pillar ensures
Economic pillar ensures
Business profits and economic growth
Interconnected pillars means
Interconnected pillars means
Changes in one area affect the others
Economic growth creates this through business expansion
Economic growth creates this through business expansion
Job creation and employment
Economic growth reduces this by creating local jobs
Economic growth reduces this by creating local jobs
Emigration
Economic growth increases this for government
Economic growth increases this for government
Tax revenue for public services
What gap can widen during economic growth?
What gap can widen during economic growth?
Growing inequality (between wealthy and poor)
Economic pressure can lead to
Economic pressure can lead to
Longer working hours and increased stress
Economic growth funds these via government tax revenue
Economic growth funds these via government tax revenue
Green initiatives and renewable energy
Higher incomes allow families to afford
Higher incomes allow families to afford
Electric vehicles, solar panels, insulation
Increased production can lead to
Increased production can lead to
Higher air and water pollution
Economic development destroys these for buildings/roads
Economic development destroys these for buildings/roads
Wildlife habitats
Burning fossil fuels releases
Burning fossil fuels releases
Greenhouse gases