Explain about sustainable development, Microeconomics

Why might economic growth not be compatible with sustainable development?

Define economic growth; enhance in national income during a time period. Explain sustainable development; development that meets the needs of the present without compromising the ability of future generations to meet their own requirements. The issue of sustainability needs elucidation, as there is no generally accepted or universal translation of this excerpt from the 1987 Brundtland Report. The possible trade-off among growth and sustainable development deals with resource use, environmental degradation, carrying capacities of our world and the ability of human ingenuity in increasing efficiency/productivity in order to utilise scarcer resources ever better.

 

Posted Date: 7/11/2013 8:09:44 AM | Location : United States







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