Which of the following best defines sustainable development?

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Sustainable Development refers to the promotion of international trade so that the world doesn’t have to face a scarcity of resources because of geographical constituents.

Sustainable Development refers to ensuring Pareto efficiency in the country so that the resources are optimally allocated, and it is not possible to reallocate resources to make someone better off without making someone else worse off.

Sustainable Development refers to meeting human development goals while maintaining the ability of natural systems to provide and replenish natural resources upon which the economy is dependent.

Sustainable Development refers to ensuring that no individual, firm or country can become a free rider i.e., no one can benefit from resources without paying for them.

answer is C.

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Detailed Solution

Sustainable Development refers to meeting human development goals while maintaining the ability of natural systems to provide and replenish natural resources upon which the economy is dependent. It makes optimum use of limited resources. It refers to development that takes place without damaging the environment or exploiting resources. There is a limited stock of resources, and if it is not used judiciously, there will be nothing left for future generations. Sustainable development prevents ecological disbalance that may lead to the destruction of the environment. Without sustainable development, environmental pollution also rises.

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