ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Development will grant people with a new form of living security and hope. Besides, one of the major objectives for development is to ensure that the society who lives will experience a good quality of life by managing to fulfil the human needs.

Detailed explanation-2: -The goals of sustainable development, oriented around the “three E’s”-environmental protection, economic growth, and social equity, also correlate with quality of life considerations. Quality of life addresses peoples’ perceptions of their position in life in relation to their culture, values, and expectations.

Detailed explanation-3: -Synonyms: Enhancing quality of life. Context: Fundamental indicators of quality of life include having sufficient nutrition, adequate accommodation and environment, social and psychological fulfillment, and health.

Detailed explanation-4: -Sustainable development focuses on improving the quality of life for all of the Earth’s citizens without increasing the use of natural resources beyond the capacity of the environment to supply them indefinitely.