Wednesday, July 25, 2012

Key Concepts

Key Concepts:

1. Economy
2. Development
3. Sustainable
4. Global Age
5. Different natural disaster in Bangladesh

Economy:

The economy is the institution that provides for the production and distribution of goods and services, which people in every society need. Sometimes they can provide these things for themselves and sometimes they rely on others to provides them.
The two dominant economic system in the world are capitalism and socialism. Common Hybrids of capitalism and socialism are welfare capitalism and state capitalism. Bangladesh is a developing country. So the economy condition of this country is very much poor.

Development:

The development of a country is measured with satieties indexes such as,

1. Income per capital
2. GDP
3. Life expectancy
4. The rate of literacy
5. Infant mortality rate etc.

The development of the countries of the whole world can be classified in to the following three types.

1. Developed country
2. Developing country
3. Under-developed country
If we consider the above classification, we can categories Bangladesh as a developing country

Sustainable Development:

Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
The concept of needs in particular the essential needs of the world’s poor, to which overriding priority should be given and
The idea of limitations imposed by the state of technology and social organization on the environment’s ability to meet present and future needs.

Global Age:

The global age, and its changing global fundamentals has brought complex, chaotic and turbulent, destructive and potentially hopeless in nature and uncertainty.

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