Pakistan Institute of Development Economics


Green accounting written

Publication Year : 2016
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A growing population and expansion in economic activities have an impact on resource use and environmental degradation. Advanced countries grew at the cost of degrading the environment, while developing countries are trying to balance their environmental degradation in accordance with their growth. The wellbeing or standard of living of a nation cannot be compared well with per capita income or with the market value of all finally produced goods and services. The changing pattern in the standard of living has a diverse implication for the environment. The comparison would be misleading if the environment is not taken into account.