What is the role of energy in economic and social development and social
transformation
Dear Student
Energy is one of the best for economic development. Country’s economic development and social both gets affected due to energy and this can be cleared by a simple example- Product and services- If a country produces a product which costs 10 rupees per unit using electricity at 4 rupees per unit, development in energy space can reduce the upfront cost of making them and giving better opportunity for consumers.
Here both get benefited. Countries also get rated on the basis of energy consumption and reach to people along with education (now villages also receive electricity) which helps in developing. there are ample amounts of such examples by which you will see that energy plays a vital role in economic and social development.
Regards,
Energy is one of the best for economic development. Country’s economic development and social both gets affected due to energy and this can be cleared by a simple example- Product and services- If a country produces a product which costs 10 rupees per unit using electricity at 4 rupees per unit, development in energy space can reduce the upfront cost of making them and giving better opportunity for consumers.
Here both get benefited. Countries also get rated on the basis of energy consumption and reach to people along with education (now villages also receive electricity) which helps in developing. there are ample amounts of such examples by which you will see that energy plays a vital role in economic and social development.
Regards,