CLASS 12-COMMERCE . ECONOMICS . INDIAN ECONOMIC DEVELOPMENT . ENVIRONMENT AND-SUSTAINABLE-DEVELOPMENT
Chapter 7 : Environment and Sustainable Development
Ch 7
ECONOMICS
CLASS 12-COMMERCE
Environment
Concept Explanation: Environment refers to the surroundings or conditions in which organisms live and operate. It encompasses both physical and biological components that sustain life and provide resources.
Key Definitions / Features:
- Physical Environment: Also known as the non-biological environment, it includes land, water, climate, mountains, minerals, and other natural resources provided by nature.
- Biological Environment: Also called the living environment, it includes humans, animals, birds, plants, and microorganisms.
- Functions and Role of Environment:
- Supplies resources essential for life and economic activities.
- Sustains life by maintaining ecological balance.
- Assimilates waste products, helping in natural recycling.
- Enhances the quality of life through ecosystem services.
Illustrative Example: Forests provide oxygen, timber, and habitat for wildlife, illustrating the environment's role in resource supply and life sustenance.
Practice Set:
- Level 1 – Easy: Define physical and biological environment with examples.
- Level 2 – Moderate: Explain the functions of the environment in sustaining life.
- Level 3 – Challenging: Discuss how the environment assimilates waste and its importance for economic development.
Answer Key:
- Physical environment includes non-living components like land and water; biological environment includes living organisms.
- Functions include resource supply, life sustenance, waste assimilation, and quality of life enhancement.
- Assimilation of waste involves natural processes like decomposition and absorption, preventing pollution and maintaining ecological balance.
Quick Reference: Environment = Physical + Biological components; Functions = Resources + Life support + Waste assimilation + Quality of life.
Glossary:
- Environment: Surroundings in which organisms live.
- Physical Environment: Non-living natural components.
- Biological Environment: Living organisms and ecosystems.
Causes of Environment Degradation
Concept Explanation: Environment degradation refers to the deterioration of the environment through depletion of resources, destruction of ecosystems, and pollution.
Key Causes:
- Population growth
- Poverty
- Agricultural development
- Industrialisation
- Transport development
- Urbanisation
- Foreign indebtedness
- Market failure
Definitions:
- Poverty: The inability to sustain basic livelihood needs.
- Urbanisation: Expansion of cities and urban areas.
Illustrative Example: Rapid industrialisation without pollution control leads to air and water pollution, degrading the environment.
Practice Set:
- Level 1 – Easy: List any four causes of environment degradation.
- Level 2 – Moderate: Explain how urbanisation contributes to environmental degradation.
- Level 3 – Challenging: Analyze the role of market failure in environmental degradation with examples.
Answer Key:
- Causes include population growth, poverty, industrialisation, urbanisation.
- Urbanisation increases demand for land and resources, leading to deforestation and pollution.
- Market failure occurs when environmental costs are not reflected in prices, leading to overuse and pollution.
Quick Reference: Causes mnemonic: Peter Pan Ate Indian Tart Under Frozen Mango (Population, Poverty, Agriculture, Industrialisation, Transport, Urbanisation, Foreign debt, Market failure).
Glossary:
- Market Failure: Inefficient allocation of resources causing environmental harm.
- Foreign Indebtedness: External debt affecting economic decisions impacting environment.
Effects of Economic Development on Environment or Resources
Concept Explanation: Economic development impacts the environment and natural resources in various ways, often leading to degradation and pollution.
Key Effects:
- Global warming
- Depletion of ozone layer
- Environmental crisis
- Rise in opportunity cost of negative environmental impacts
- Supply-demand reversal of environmental resources
- Air pollution
- Water pollution
- Solid and hazardous waste accumulation
- Deforestation
- Land degradation
Definitions:
- Ozone Layer: Atmospheric layer protecting Earth from UV radiation.
- Water Pollution: Contamination of water bodies by waste.
- Air Pollution: Contamination of air by industrial and vehicular emissions.
Effect of Global Warming on Economic Development:
- Loss of agricultural productivity
- Reduced labour supply and productivity
- Inflation due to reduced production
- Depletion of natural resources
Illustrative Example: Increased air pollution from factories leads to health issues, reducing workforce productivity and increasing healthcare costs.
Practice Set:
- Level 1 – Easy: Define global warming and list two effects on the environment.
- Level 2 – Moderate: Explain how economic development causes depletion of the ozone layer.
- Level 3 – Challenging: Discuss the opportunity cost of environmental degradation with examples.
Answer Key:
- Global warming is the rise in Earth's surface temperature due to greenhouse gases.
- Effects include air pollution and deforestation.
- Economic activities release chemicals that destroy ozone molecules, thinning the ozone layer.
- Opportunity cost includes loss of ecosystem services and health costs due to pollution.
Quick Reference: Effects mnemonic: Global Deforestation Extracts Radiation from Sun (Global warming, Depletion of ozone, Environmental crisis, Rise in opportunity cost, Supply-demand reversal).
Glossary:
- Global Warming: Increase in Earth's surface temperature.
- Deforestation: Clearing of forests for development.
Sustainable Development
Concept Explanation: Sustainable development is development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs.
Strategies to Achieve Sustainable Development:
- Use of non-conventional energy sources
- Promotion of LPG and Gobar gas in rural areas
- Use of CNG in urban areas
- Harnessing wind power and solar power through photovoltaic cells
- Development of mini hydel plants
- Bio-composting
- Bio-pest control
Illustrative Example: Solar panels installed in rural areas reduce dependence on fossil fuels, promoting sustainable energy use.
Practice Set:
- Level 1 – Easy: Define sustainable development.
- Level 2 – Moderate: List three strategies to achieve sustainable development.
- Level 3 – Challenging: Evaluate the role of renewable energy in sustainable development.
Answer Key:
- Sustainable development balances present needs with future resource availability.
- Strategies include non-conventional energy, bio-composting, and bio-pest control.
- Renewable energy reduces pollution and conserves resources, essential for sustainability.
Quick Reference: Sustainable development = Present needs + Future resource conservation.
Glossary:
- Non-conventional Energy: Energy sources like solar, wind, and bio-gas.
- Bio-composting: Using organic waste to produce compost.
ECONOMICS — ALL CHAPTERS
1
Indian Economy On The Eve Of Independence
2
Indian Economy 1950–1990
3
Liberalisation, Privatisation And Globalisation: An Appraisal
4
Human Capital Formation In India
5
Rural Development
6
Employment : Growth, Informalisation And Other Issues
7
Environment and Sustainable Development
8
Comparative Development Experiences of India And Its Neighbours
1
Introduction
2
National Income Accounting
3
Money and Banking
4
Determination of Income and Employment
5
Government Budget and the Economy
6
Open Economy Macroeconomics