This Concept Involves Development That Meets the Needs of the Present

question 7

Multiple Choice

This concept involves development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

• A) infrastructure overload avoidance
• B) sustainable development
• C) economic feasibility
• D) carrying capacity analysis
• E) environmental impact assessment

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Definitions:

Supply Curve

An illustration that demonstrates the correlation between a good or service's price and the amount made available in a specific period.

Demand Curve

A graph representing the relationship between the quantity of a good consumers are willing and able to purchase and the price of the good.

Supply

The total amount of a specific good or service that is available to consumers at a given price level in a given time period.

Demand

The measure of products or services that consumers are eager and equipped to purchase at varying prices during an established interval.