IGNOU BFLS 183 2026 - Briefly discuss the concept of the new global economic system for long

Question

Briefly discuss the concept of the new global economic system for long term survival of the human race.

10 May 2026

Answer :

Word Count : 178

The new global economic system aims to create a balance between human needs, environmental sustainability, and equitable resource distribution. It focuses on long-term survival by promoting sustainable development, reducing overconsumption, and minimizing ecological damage. In this system, economic growth is not measured solely by profit

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