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Economic Growth: When a country's economy grows, • GDP (Gross Domestic Product): Total value of goods
it means that more products and services are made. and services produced in a country.
This is usually measured by the increase in Gross • Job Creation: More jobs are created when the
Domestic Product (GDP). economy grows, which helps reduce
• unemployment.
Higher Incomes: People earn more money as
Example:
companies grow.
If a country like Germany builds new factories and
introduces new technologies, it can produce more
cars, which increases its GDP and leads to economic
growth.
Why is Economic Growth Important?
Better Living Standards More Jobs Increased Government
Revenue
Economic growth allows Companies need more
people to have better homes, workers when the economy Governments collect more
more food, and better grows, reducing taxes from businesses and
healthcare. unemployment. people, which they can use to
improve public services like
healthcare, education, and
infrastructure.
Example:
In China, rapid economic growth over the past few decades has allowed millions of people to escape poverty, get
better jobs, and improve their living conditions.
What is the Environment?
Definition
The environment includes the land, water, air, animals, plants,
and all natural resources.
Importance
A healthy environment is important because we depend on
clean air, water, and soil to live. Pollution and damage to the
environment can cause many problems for human health and
well-being.
Example:
Environmental Impact
However, economic growth can harm
the environment when it leads to
Economic Growth
pollution, waste, and resource
Economic growth can help the depletion.
environment when it leads to the
development of clean technologies
and green jobs.
Finding Balance
The challenge is to grow
economically while protecting our
natural resources.
Example:
Renewable Energy (solar panels, wind turbines) can support economic growth while protecting the environment.
Overfishing can harm the environment, but it's an economic activity that provides food and income for many people.
Good Effects of Economic Growth on the Environment
Solar Energy
Solar panels are becoming more affordable, and many countries are investing in solar power to create jobs and reduce pollution.
Companies like Tesla are making electric cars that do not pollute the air.
Economic growth can create jobs in recycling, renewable energy, and other sustainable industries.
Green technologies help reduce pollution and protect the environment. Economic growth can lead to more investment in these technologies.
Bad Effects of Economic Growth on the Environment
Increased Pollution
Economic growth often leads to more factories and more cars, which can increase pollution.
Resource Depletion
More growth can lead to the overuse of natural resources, like water, trees, and minerals.
Environmental Damage
Example: Oil Extraction: In many countries, oil extraction for economic growth
can cause oil spills, which harm the environment.
Habitat Loss
Example: Deforestation: More economic growth in farming can
lead to large-scale deforestation to make space for crops like
soybeans or palm oil.
What is Sustainability?
Future Generations
Ensuring resources for tomorrow
Resource Management
Using resources efficiently
Economic Development
Growing without harming nature
Sustainability means developing the economy in ways that do not harm the environment. This includes using natural
resources carefully and making sure future generations have enough resources.
Example:
Sustainable Farming: Using farming methods that do not harm the soil or water sources, like organic farming.
What is Green Growth?
Clean Energy Adoption
Green Growth means economic growth that protects the
environment and uses natural resources carefully.
Waste Reduction
It focuses on using clean energy, reducing waste, and
protecting ecosystems.
Ecosystem Protection
Preserving natural habitats while developing economically.
Example: