The task of balancing economic growth and stability requires the implementation of policies and practices that foster short-term economic performance alongside long-term sustainability. The following are several strategies that can facilitate such a balance:

1. **Diversification**: Economies that diversify across multiple industries tend to be more stable than those that rely on a single sector. Diversification can provide insulation from industry-specific shocks.

2. **Investing in education and health**: Investments in education and health promote human capital development, which can drive long-term economic growth. Educated and healthy populations tend to be more innovative and productive.

3. **Regulation and oversight**: Government oversight can prevent economic bubbles and mitigate the risk of economic crises.

4. **Fiscal and monetary policy**: Governments and central banks can leverage fiscal and monetary policy mechanisms to stimulate growth during recessions and slow growth during periods of overheating to avoid inflation.

5. **Sustainable practices**: Economies should aim to decouple economic growth from environmental degradation. This can be achieved by investing in renewable energy, promoting energy efficiency, and implementing sustainable agricultural practices.

The maintenance of economic, environmental, and social sustainability is crucial for several reasons:

1. **Resource preservation**: Environmental sustainability is vital to prevent the depletion of the natural resources on which economies depend.

2. **Social stability**: Social sustainability is essential for the stability of society, which is critical for long-term economic performance.

3. **Long-term economic viability**: Sustainable economic practices ensure that growth can continue over the long term without causing harm to the environment or society.

4. **Risk reduction**: Companies that adopt sustainable practices are likely to face fewer environmental or social risks that could adversely impact their financial performance.

Thus, a balanced and comprehensive approach to economic growth and stability that incorporates environmental and social sustainability is not only advantageous but necessary for the long-term welfare of societies and the planet.

Dr Belkacem Sara thank you for your contribution to the discussion

An economy with fairly constant output growth and low and stable inflation would be considered economically stable. An economy with frequent large recessions, a pronounced business cycle, very high or variable inflation, or frequent financial crises would be considered economically unstable. If growth is based on consumer spending and falling saving rates, this will tend to cause imports to rise faster than exports. If saving and investment rates are stable, then the economic growth is more likely to be balanced and avoid the imbalance of large current account deficits and surplus. A government can achieve macroeconomic stability by focusing on economic indicators like GDP, inflation, interest rates, and other economic variables. Constant monitoring, controlling, and responsiveness to these indicators will help achieve stability. Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. Highly developed countries have governments that focus on these areas. Balanced growth theory requires proper balance between investment in industry and agriculture. As a result of it, economic development of a country is accelerated. It encourages savings which turn into capital and thereby investment. In this way, it leads to better utilization of capital. With the economic sustainability ecological system is maintained and all the environmental terms are kept in balance. Natural resources are consumed by humans, taking care that they are preserved, for future generations. Sustainability is all about keeping these three pillars in balance. Environmental and social sustainability encompasses the protection of people's lives and health, the economic basis of their livelihood and their ecological, social and cultural environment as well as the sustainable use of natural resources. Sustainable development can be applied to corporate policy in the business world as it encompasses three key areas: economic, environmental and social. Sustainable development requires that a company must contribute to economic growth, social progress and promote environmental sustainability. Environmental economics promotes sustainable development, economic valuation of natural resources, and strategies for stability by addressing issues like externalities and other environmental concerns. Its objective is to balance the sustainability of the environment and economic development for the benefit of society. Economic sustainability is all about giving people what they want without compromising the quality of life, especially in the developing world. Environmental sustainability: It is the process of meeting the needs of air, food, water, and shelter as well as ensuring that the environment is neither affected nor polluted.