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Questions in "Economics"

What do you mean by sustainable development?

Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Its is a process for meeting human development goals while maintaining the ability of natural systems to continue to provide the natural resources and ecosystem services upon which the economy and society depend. Sustainable development aims a development without harming or altering the existing life in and around the ecosystem. It is the organizing principle for sustaining finite resources necessary to provide for the needs of future generations of life on the planet. It is a process ...

What is resource conservation?

Management of the human use of natural resources to provide the maximum benefit to current generations while maintaining capacity to meet the needs of future generations. Conservation includes both the protection and rational use of natural resources.
Earth's natural resources are either non-renewable, such as minerals, oil, gas, and coal, or renewable, such as water, timber, fisheries, and agricultural crops. The combination of growing populations and increasing levels of resource consumption is degrading and depleting the natural resource base. The world's population stood at 850 million at the onset of the industrial age. The global population has grown to ...