Social 10: Chapter 12 - Sustainable Prosperity

Sustainable Prosperity

Practicing stewardship of the environment and resources for future generations to achieve prosperity.

Sustainable Development

Development that meets present needs without compromising the ability of future generations to meet their own needs.

Knowledge Economy

Businesses and individuals using research, education, new ideas, and information technologies for practical purposes.

Privatization

Selling a public service, such as electricity delivery or health care, to a private company, removing government ownership.

Global Climate Change

Small but steady changes in average temperatures worldwide.

2030 Agenda for Sustainable Development

Initiated in 2015, it consists of 17 goals focusing on people, planet, prosperity, peace, and partnership.

Measuring Prosperity

Formal measurements based on standard of living, goods and services, and wealth of a country.

Gross Domestic Product (GDP)

Commonly used to measure a country's economy and the prosperity of its people.

Human Development Index (HDI)

Measures quality of life based on longevity, knowledge, and standard of living.

Gross National Happiness Index (GNH)

Measures psychological well-being, health, education, time use, cultural diversity, governance, community vitality, ecological diversity, and living standards.

Knowledge Economy

Businesses and individuals using research, education, new ideas, and information technologies for practical purposes.

Privatization

Selling public services to private companies, removing government ownership.

Foreign Investment

Purchase of assets in one country by individuals, institutions, or governments from another country.