Economics Environmental Externalities Questions
The concept of sustainable consumption and production refers to the idea of using resources and producing goods and services in a way that meets the needs of the present generation without compromising the ability of future generations to meet their own needs. It involves minimizing the negative environmental impacts of consumption and production activities, promoting the efficient use of resources, and ensuring social and economic well-being. This concept aims to achieve a balance between economic growth, environmental protection, and social equity, ultimately leading to a more sustainable and resilient society.