Sustainable Development — Flashcards

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Sustainable Development refers to a process of development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs. It combines gr…

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The concept was formally defined in 1987 by the World Commission on Environment and Development in its report Our Common Future. The definition highlighted the need for development that supports prese…

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The three essential dimensions are economic progress, environmental conservation, and social equity. All three must stay balanced for development to remain long-term and responsible.

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Economic progress means growth in income, production, employment, and business activity. In sustainable development, this growth must come through efficient use of resources and long-term planning, no…

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Environmental conservation means protecting natural resources such as water, forests, minerals, and air. It includes reducing pollution, using renewable energy, and adopting eco-friendly technologies …

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Social equity means fairness and equal opportunities for all sections of society. It includes reducing poverty, improving access to education and healthcare, and supporting gender equality so that dev…

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Intergenerational equity means meeting present needs without compromising future needs. It is important because today’s resource use should not create scarcity, damage, or unfairness for future genera…

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The Triple Bottom Line is the approach of focusing on Profit, People, and Planet. It means business success should be measured not only by money, but also by social well-being and environmental care.