Answer to Question #325981 in Economics for Wilson

Question

What are the advantages and disadvantages of conceiving sustainable development as a dialogue of values?

Answer 1

The three advantages of sustainable development are as follows: It helps in ensuring a better life for present and future generations. Lowers the impact on the environment by reducing air, water and soil pollution. Helps in achieving long term economic growth.

It will be costly to create goods and services and the government may hesitate to implement it in a major scale. Sustainable development means development of an economy in a way that doesn't deplete natural resources. Unfortunately, it can be incredibly difficult to do this. It is often seen as practically impossible.