Explain the concept of sustainable development.

Economics Supply And Demand Questions



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Explain the concept of sustainable development.

Sustainable development refers to the practice of meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. It involves balancing economic growth, social progress, and environmental protection to ensure long-term well-being. This concept recognizes the interdependence between economic development, social equity, and environmental sustainability, aiming to achieve a harmonious and sustainable future for all.