How would these advantages differ from the advantages of using a long-term perspective in managing our resources?
Management of our natural resources by using short term aims are different from the long term perspective.
Short- terms aims aims gave the advantage that our present generation will be able to meet the requirements and the rate of growth at the faster and the immediate rate. It also helps in the growth at the faster rate of economy as well. It only fulfils the current demand. They use very unlimited amount of natural resources that’s why they are not able to meet the future generation requirements. This short- term perspective does not provide the discovery of the new things or the new discoveries because they grow at very faster rate and exploit at very faster rate.
On the other hand, long term perspective gave the advantage that the uses or management of natural resources occurs in that way that with our present generation, future generation basic needs also get fulfilled also known as sustainable use of the resources. It fulfils the current and the future generation demands. They use very limited amount of natural resources that’s why they are able to meet the future generation requirements as well. Unlike short- term perspective, the long- term perspective provides more time for the new discoveries or for the new technologies or sustainable energy sources etc.
That’s why we should use long- ranging aims so that basic needs could be used by present generation as well as the future generation.
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