Check sibling questions

How would these advantages differ from the advantages of using a long term perspective in managing our resources?

Answer

If the resources are used with long term perspective

  • The demand of present as well as the future generations will be met.
  • There will be a lower level of pollution.
  • If the resources are used in the long run, there might be enough time for the resources to get replenished. In such a situation, no generation would be deprived of resources.

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Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years and a teacher from the past 17 years. He teaches Science, Economics, Accounting and English at Teachoo