Chapter 1

NCERT
Class 10
Economics
Solutions
10. “The Earth has enough resources to meet the needs of all but not enough to satisfy the greed of even one person”. How is this statement relevant to the discussion of development? Discuss.

Question:

“The Earth has enough resources to meet the needs of all but not enough to satisfy the greed of even one person”. How is this statement relevant to the discussion of development? Discuss.

Answer:

Many types of resources are found on earth. Man uses these resources to fulfill his various needs, then these resources become resources. These resources are not unlimited which will continue till eternity. Therefore, if man uses these resources wisely, he can fulfill all his needs. If the resources are not misused, then the process of development can be continued continuously by using them. But if these resources are used for personal gain, then it may not be able to fulfill the benefit of a person. If these resources are used indiscriminately then one day they will get exhausted. Non-renewable resources which are limited and once used they get over, they should be used thoughtfully. While using them, we have to keep in mind the needs of the coming generations. In this way, we learn from the above statement that natural resources should be used only to fulfill the needs and not for the fulfillment of personal interest. Due to this, these resources will be exhausted soon and the process of development will stop.

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