“The Earth has enough resources to meet the needs of all but not enough to satisfy the greed of even one person”. How is this statement relevant to the discussion of development? Discuss.

The Earth possesses abundant natural resources—water, land, minerals, energy, and more. These resources can theoretically meet the basic needs of everyone on the planet: food, water, shelter, healthcare, education, and a decent standard of living. However, the problem lies in greed that drives overconsumption, hoarding, and unequal distribution of resources. Development aims to improve human well-being, but it must be sustainable. Sustainable development balances economic, social, and environmental aspects. If development caters only to the greedy, it perpetuates inequality, environmental degradation, and social unrest.