See the below image for the Sustainable economy explained diagram. Sustainable economic growth is economic development that attempts to satisfy the needs of humans but in a manner that sustains natural resources and the environment for future generations. An economy functions in the ecosystem. We cannot separate the economy from it. In fact, an economy cannot exist without it.
Economic sustainability makes use of the established requisite for economic growth, capital maintenance, and extends the (produced) capital concept to include nonproduced natural capital. Tamara Popovic, … Yury Avramenko, in Computer Aided Chemical Engineering, 2013 Economic sustainability encompasses financial costs and benefits.
In economic terms, to be truly sustainable, the overall demand for natural resources (also known as ecological footprint) must be less than the nature’s renewable supply of resources (also known as biocapacity). People are often led to believe that their well-being is driven by economic factors.
Sustainable economy explained image
