Answered: How sustainable development is depend…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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How sustainable development is depend on socio economic development?

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Introduction:

Sustainable development means striking a balance between meeting the human needs of development and sustaining the ability of the nature to produce or maintain the resources.

Socio economic development is the combination of economics and social sciences. It explains the relationship between social behavior of an individual and economics. It examine how different social norms like changes in law,ethics, social philosophies etc, influences the consumer's behavior and shape their buying habits.

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