Distinguish between formal and informal sector of employment with the help of suitable examples.
OR
Discuss the long term implications of increased demand for environmental resources exceeding their natural regenerative capacity.
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Solution and Explanation
Concept: Employment Sectors
Employment is broadly classified into:
- Formal sector
- Informal sector
Concept: Sustainable Development
When demand for environmental resources exceeds their regenerative capacity, it leads to environmental degradation.
Step 1:Resource depletion
- Natural resources like forests, water, minerals get exhausted
Step 2:Environmental degradation
- Pollution of air, water, and soil increases
- Loss of biodiversity
Step 3:Climate change
- Increase in greenhouse gases
- Global warming and extreme weather conditions
Step 4:Economic impact
- Reduced agricultural productivity
- Increased cost of resources
Step 5:Impact on future generations
- Scarcity of resources
- Reduced quality of life
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