Enhance Your Learning with Economics and Sustainability Flash Cards for quick learning
The study of how individuals, businesses, and governments allocate resources to satisfy unlimited wants and needs.
The practice of using resources in a way that meets the needs of the present generation without compromising the ability of future generations to meet their own needs.
The economic principle that states the price of a product is determined by the balance between its availability (supply) and the desire of buyers to purchase it (demand).
The organizational and competitive characteristics of a market, including the number and size of firms, the nature of the product, and the ease of entry into the market.
The branch of economics that studies the behavior and performance of an economy as a whole, including topics such as inflation, unemployment, and economic growth.
The branch of economics that studies the economic behavior of individual consumers, firms, and industries, and the determination of prices and quantities in specific markets.
Statistics used to measure and evaluate the overall health and performance of an economy, such as GDP, inflation rate, and unemployment rate.
The way in which a society organizes the production, distribution, and consumption of goods and services, including market economies, command economies, and mixed economies.
Development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs, considering economic, social, and environmental factors.
The branch of economics that studies the economic impact of environmental policies and the use of economic incentives to promote environmental conservation and sustainable development.
The sustainable utilization and conservation of natural resources, such as forests, water, minerals, and wildlife, to ensure their availability for future generations.
Energy derived from sources that are naturally replenished, such as sunlight, wind, water, and biomass, which have minimal environmental impact and can be used indefinitely.
Long-term changes in temperature and weather patterns caused by human activities, primarily the emission of greenhouse gases, leading to global warming and environmental disruptions.
Approaches and actions aimed at protecting and preserving natural resources, ecosystems, and biodiversity, including habitat conservation, species protection, and sustainable resource management.
An economic system that aims to minimize waste and maximize the use of resources by promoting recycling, reusing, and reducing consumption, thereby creating a closed-loop system.
The ethical and voluntary commitment of businesses to contribute to sustainable development by considering the interests of stakeholders, including employees, customers, communities, and the environment.
Technological innovations and practices that are environmentally friendly and promote sustainable development, such as renewable energy systems, energy-efficient buildings, and waste reduction technologies.
Agricultural practices that aim to meet the needs of the present generation without compromising the ability of future generations to meet their own needs, by minimizing environmental impact and promoting biodiversity.
The trade-off between economic development and its negative effects on the environment, such as pollution, resource depletion, and habitat destruction, requiring sustainable solutions for balanced growth.
The fair distribution of economic benefits and opportunities among individuals and communities, ensuring that economic development benefits all segments of society and reduces inequality.
Government interventions and regulations aimed at promoting sustainable development, including environmental taxes, subsidies for renewable energy, and incentives for green technologies.
The impact of global economic integration on sustainable development, considering issues such as international trade, labor rights, environmental standards, and social justice.
The unequal distribution of income, wealth, and opportunities among individuals and groups, which can hinder sustainable development and social cohesion.
The unintended consequences of economic activities that affect third parties, such as pollution, congestion, and noise, requiring government intervention to internalize the costs and benefits.
The process of assigning economic value to the benefits provided by ecosystems, such as clean air, clean water, and biodiversity, to inform decision-making and promote their conservation.
Gases, such as carbon dioxide and methane, released into the atmosphere by human activities, primarily the burning of fossil fuels, contributing to global warming and climate change.
The total amount of greenhouse gases, expressed in carbon dioxide equivalent, emitted directly or indirectly by an individual, organization, product, or event, indicating its impact on climate change.
The economic implications of water scarcity, including the allocation of water resources, the cost of water supply and treatment, and the economic value of water for various sectors and uses.
The economic considerations and strategies for managing waste, including waste reduction, recycling, and disposal, to minimize environmental impact and promote resource efficiency.
The economic consequences of natural disasters, such as earthquakes, hurricanes, and floods, including damage to infrastructure, loss of lives and livelihoods, and the cost of recovery and reconstruction.
Tourism that takes full account of its current and future economic, social, and environmental impacts, addressing the needs of visitors, the industry, the environment, and host communities.
The economic value derived from biodiversity, including ecosystem services, such as pollination, water purification, and carbon sequestration, and the potential for bioprospecting and nature-based tourism.
Financial and non-financial rewards provided to individuals, organizations, and communities for engaging in conservation activities, such as tax incentives, grants, and recognition.
Economic instruments and techniques used to address environmental challenges, such as pollution taxes, cap-and-trade systems, and cost-benefit analysis, to achieve environmental objectives efficiently.
The evaluation of the costs, benefits, and risks associated with environmental projects, such as infrastructure development, renewable energy investments, and conservation initiatives, to inform decision-making.
The assessment of the financial viability and long-term returns of sustainable investments, considering environmental and social factors, to attract capital and promote sustainable development.
A systematic approach to comparing the costs and benefits of a project or policy, considering both monetary and non-monetary factors, to determine its overall desirability and efficiency.
The role of economic growth in reducing poverty and improving living standards, considering issues such as income distribution, access to basic services, and social safety nets.
The responsible use of resources and the reduction of waste and pollution throughout the entire lifecycle of products and services, promoting sustainable lifestyles and economic systems.
The ability of an economy to withstand and recover from shocks and disruptions, such as natural disasters, economic crises, and climate change, through adaptive strategies and diversified sectors.
The shift from a high-carbon, fossil fuel-based economy to a low-carbon, renewable energy-based economy, requiring changes in energy production, consumption, and infrastructure.
Government initiatives and regulations aimed at promoting the creation of jobs in environmentally friendly sectors, such as renewable energy, energy efficiency, and sustainable agriculture.
The economic considerations and challenges associated with adapting to the impacts of climate change, including infrastructure upgrades, insurance costs, and changes in agricultural practices.
The economic strategies and innovations for creating sustainable cities, including smart infrastructure, green buildings, efficient transportation systems, and inclusive urban planning.
The economic benefits and costs of adopting sustainable business practices, such as resource efficiency, waste reduction, and social responsibility, including improved competitiveness and brand reputation.
The economic approaches and policies aimed at achieving sustainable development goals, considering social, environmental, and economic dimensions, and promoting long-term well-being.
The integration of economic concepts and principles into education for sustainable development, promoting economic literacy and informed decision-making for a sustainable future.