10th Five-Year Development Plan (Citizen Guide)

4 A Citizen Guide Economic terms and concepts Having diversified sources of production, income, exports, and less reliance on a single economic activity. Economic Diversifications Green Economy Circular Economy Economic Growth Knowledge Economy Total economic activities including gross domestic product, unemployment and inflation. An economy that leads to improving human welfare and growth by working holistically towards eliminating environmental hazards and ecological imbalances through enhancing the efficient use of available natural resources, reducing carbon emissions, wastes, pollution and preventing loss of biodiversity and ecosystems. An economic model that aims at achieving optimum use of materials, commodities, energy before they turn into waste, through recycling and reuse and energy extraction. The increase in the real added value of commodities and services producedcomparedtoanotherperiod. An economy which relies on the production of commodities and services through innovationandknowledge-intensiveactivities. Macro Economy

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