Answer to Question #270441 in Economics for Deema

Question

12: What is meant by “environmentally sustainable economic development”? Are there serious economic costs for pursuing sustainable development as opposed to simple output growth, and how is the responsibility for global environmental damage being borne by different countries?

Answer 1

Sustainable development is a broad terminology that is inclusive to all forms of growth in maintaining needs for present generations without compromising future generations to come, as defined by the UN. It is also one of the focal points in the subject of environmental conservation and regulation.