Main source of incompatibility comes from artificially increased investment due to almost cost free creation of money leading to monetary manipulation, to lend to earn interest and nominal accounting to maximize return for business owners and financial institutions at cost of equivalent loss to poor. An important source excessive loading of waste handling capacity of environment comes from part or little utilization of various products leading to increased demand and production that also causes resource depletion.
Economic growth will be undermined without adequate environmental safeguards, and environmental protection will fail without economic growth. The earth's natural resources place limits on economic growth. These limits vary with the extent of resource substitution, technical progress, and structural changes. The global economy recycles less than 10 percent of materials; about 50 percent of processed materials are used to provide energy and are thus not available for recycling. It is simple: economic growth is not compatible with environmental sustainability. Increase in GDP leads to increase in material and energy use, and therefore to environmental unsustainability. There is an uncomfortable scientific truth that has to be faced: economic growth is environmentally unsustainable. There is tradeoff between economic growth and environment because of desire to high growth and excessive use of resources that cause environmental pollution. Poor people and poor countries depend on the soil for food, the rivers for water and forests for fuel. Sustainable development means “meeting the needs of the present generation without compromising the needs of future generations”. Thus, economic growth will be sustainable if fixed assets, including land, remain constant or increase over time. Environmental economics focuses on how they use and manage finite resources in a manner that serves the population while meeting concerns about environmental impact. This helps governments weigh the pros and cons of alternative measures and design appropriate environmental policies. Resources depletion refers to the situation where the consumption of natural resources is faster than it can be replenished. In order to achieve economic growth, developing countries are abusing their lands on the grounds of economic interests. Additionally, developing countries remain largely dependent on exports of natural resources to generate economic dividends. Withstanding, pulling raw material from forests to fulfill exportation needs is subject to enormous domestic and international pressure, causing overexploitation of the natural resource base. For instance, a decrease in fossil fuel supplies would lead to increases in fuel costs. This affects households, businesses, and the overall economy, increasing the cost of living. As resources become scarce, conflict between countries and regions could occur which could escalate globally.
Such conflicts are already escalating as the political leadership of national economies is still thinking in old paradigms of geopolitics and supremacy, dear Rk Naresh Am in agreement with your detailed analysis, with respect to eco-economic sustainability.
Resources depletion refers to the situation where the consumption of natural resources is faster than it can be replenished. In order to achieve economic growth, developing countries are abusing their lands on the grounds of economic interests. Additionally, developing countries remain largely dependent on exports of natural resources to generate economic dividends. Withstanding, pulling raw material from forests to fulfill exportation needs is subject to enormous domestic and international pressure, causing overexploitation of the natural resource base. Natural resources have a double-edge effect on economic growth, in that the intensity of its use raises output, but increases its depletion rate. Natural resource is a key input in the production process that stimulates economic growth. Economic growth will be undermined without adequate environmental safeguards, and environmental protection will fail without economic growth. The earth's natural resources place limits on economic growth. These limits vary with the extent of resource substitution, technical progress, and structural changes. For instance, a decrease in fossil fuel supplies would lead to increases in fuel costs. This affects households, businesses, and the overall economy, increasing the cost of living. As resources become scarce, conflict between countries and regions could occur which could escalate globally. Economic growth is when the gross domestic product (GDP) increases over a period of time. Sustainable growth means maintaining the growth rate without causing other economic problems. Rapid growth may deplete resources, create environmental problems and contribute to global warming. Economic growth is when the gross domestic product (GDP) increases over a period of time. Sustainable growth means maintaining the growth rate without causing other economic problems. Rapid growth may deplete resources, create environmental problems and contribute to global warming. Economists traditionally use gross domestic product (GDP) to measure economic progress. If GDP is rising, the economy is in solid shape, and the nation is moving forward. On the other hand, if gross domestic product is falling, the economy might be in trouble, and the nation is losing ground.GDP Growth Rate is also known as the Economic Growth Rate, and it measures the change in the GDP of the country in comparison to an earlier period. The amount of change is measured in percentage (%), which serves as a determinant of economic health in the country and the possible growth in the future. Three factors can create economic growth: more capital, more labor, and better use of existing capital or labor. The growth that results from increases in capital and labor represents growth due to increases in inputs. Economic growth will be undermined without adequate environmental safeguards, and environmental protection will fail without economic growth. The earth's natural resources place limits on economic growth. These limits vary with the extent of resource substitution, technical progress, and structural changes. Increase in GDP leads to increase in material and energy use, and therefore to environmental unsustainability. There is an uncomfortable scientific truth that has to be faced: economic growth is environmentally unsustainable. 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.