Lesson 3 Pricing Mysteries!

Do It Yourself

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Listen to the lecture and answer the questions.

Script
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Hello, everyone. Today, I’d like to introduce you to one of the most fascinating branches of modern economics–sustainable development economics–sustainable development economics. Sustainable development economics is a field of economics that studies how to achieve economic growth without compromising the environment or the ability of future generations to meet their own needs. It is a complex and challenging field, but it is essential for ensuring a future where economic growth and environmental protection can go hand-in-hand. Sustainable development economics includes a number of different approaches, like focusing on efficiency, equity, and the principles of sustainable development. Some examples of sustainable development economics include investing in renewable energy sources, developing more efficient ways to use water and other natural resources, promoting sustainable practices for farmland and forests, and reducing poverty and inequality. By focusing on efficiency, equity, and the principles of sustainable development, we can create a more prosperous and sustainable world for ourselves and for future generations.