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Analyse how a country's present economic choices can shape its long-term future. Why is it important to consider future consequences while making economic decisions today?
Concept
What to Produce and for Whom?
Show Answer
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Today's choices decide what resources are left for tomorrow.
- Example - Growing only sugarcane earns money now, but it uses up the water.
- Growing millets and pulses saves water and improves soil health, which keeps the land useful for the future.
- So future consequences must be counted, or the short-term gain becomes a long-term loss.
