The environment performs four crucial functions: Supplying Resources: The environment contains both renewable (air, water, land) and non-renewable (fossil fuels) resources. While the former are re-usable and do not get depleted soon, non-renewable resources come with the fear of depletion. Economic sustainability refers to balanced growth that is not based on the loss of resources or indebtedness. Economic sustainability can be achieved through efficient recycling and the use of renewable resources. 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. There is a strong interconnection between the environmental and economic spheres, where good environmental practices, such as responsible resource management, are essential to maintaining the stability of the economy and the very existence of the food supply chain. This concept goes beyond environmental sustainability, which concerns earth's natural resources, to include economic and social sustainability, which relate to meeting people's current economic and social needs without compromising future generations. We use economic analysis and evidence to help design and implement public policies that can address the challenges of climate change, energy, pollution, agriculture, water, and ecological systems. Sustainable development, approach to social, economic, and environmental planning that attempts to balance the social and economic needs of present and future human generations with the imperative of preserving, or preventing undue damage to, the natural environment. Sustainable development” includes three main components: ecological, social, and economic, where the first one should be recognized as the most important. The ecological component is based on the principle of harmonizing our needs with the natural capabilities of the biosphere.
The environment performs four crucial functions: Supplying Resources: The environment contains both renewable (air, water, land) and non-renewable (fossil fuels) resources. While the former are re-usable and do not get depleted soon, non-renewable resources come with the fear of depletion. Economic sustainability refers to balanced growth that is not based on the loss of resources or indebtedness. Economic sustainability can be achieved through efficient recycling and the use of renewable resources. 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. There is a strong interconnection between the environmental and economic spheres, where good environmental practices, such as responsible resource management, are essential to maintaining the stability of the economy and the very existence of the food supply chain. This concept goes beyond environmental sustainability, which concerns earth's natural resources, to include economic and social sustainability, which relate to meeting people's current economic and social needs without compromising future generations. We use economic analysis and evidence to help design and implement public policies that can address the challenges of climate change, energy, pollution, agriculture, water, and ecological systems. Sustainable development, approach to social, economic, and environmental planning that attempts to balance the social and economic needs of present and future human generations with the imperative of preserving, or preventing undue damage to, the natural environment. Sustainable development” includes three main components: ecological, social, and economic, where the first one should be recognized as the most important. The ecological component is based on the principle of harmonizing our needs with the natural capabilities of the biosphere.