Explain the relevance of intergenerational equity in the definition of sustainable development.
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Sustainable development is the real economic development which emphasis on satisfying the current needs of population keeping in mind availability of resources for future generation. Sustainable development maximises the welfare of both present and future generations. This development does not mean a check on the existing pace of economic growth. It only means a judicious or optimum utilisation of resources in such a manner that pace of economic growth sustains with inter generational equity.
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