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Economic sustainability entails evaluating the environmental impact of economic activity and devising sustainability goals to create a more livable future. Learn more about some of the forms these practices can take.
The goal of economic sustainability is to achieve economic growth without making the negative environmental trade-offs that traditionally go hand in hand with growth. Economic sustainability is a broad collection of decision-making principles and corporate practices.
Think of economic sustainability as one of the three pillars of sustainability, alongside environmental and social sustainability. Here’s a breakdown: Economic sustainability: Keeping a healthy balance between economic growth and responsible resource use.
Economic sustainability is thus understood to be economic development that cannot cause a loss of ecological or social sustainability. An increase in economic capital cannot be at the expense of a reduction in natural capital or social capital.
What is economic sustainability? Economic sustainability is the practice of conserving natural and financial resources to create long-term financial stability. A system that's sustainable can last far into the future with minimal negative impacts.
What is Economic Sustainability? Economic sustainability refers to practices that support the long-term economic development of a company or nation while also protecting environmental, social, and cultural elements.
Economic sustainability and social equity are interconnected in that a thriving economy must also promote fairness and access for all individuals. Businesses committed to economic sustainability often implement policies that address income inequality and provide equal opportunities for employment.
Definition. Economic sustainability refers to the ability of an economy to support a defined level of economic production indefinitely, ensuring that resources are available for future generations while also meeting current needs.
Economic sustainability refers applications and policies which support long-run economic growth and development without negatively impacting the scarce resources. On the other hand, economic sustainability implicitly refers that sustainable steady GDP growth rate is around 2%.
Economic sustainability refers to the capacity of an economy to support a defined level of economic production indefinitely. This concept is closely tied to the idea of maintaining resources over time, ensuring that economic activities do not deplete natural resources or harm social systems.