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Development That Meets the Needs of the Present Generation Without

question 18

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Development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs is known as


Definitions:

Largest Exporter

A country or entity that sells the highest volume or value of its goods or services to foreign markets, holding a significant position in global trade dynamics.

Terms Of Trade

The ratio of a country's export prices to its import prices, affecting the volume of imports that can be bought with a given volume of exports.

Economic Basis

The foundational activities or sectors upon which a region's or country's economy is built and operates, fundamentally influencing its wealth and growth.

World Trade

Refers to the exchange of goods and services across international borders or territories.

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