Defination of Economic Sustainability:- Environmental sustainability is the ability to maintain rates of renewable resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely. Economic sustainability is the ability to support a defined level of economic production indefinitely.
The goal of community sustainability is to establish local economies that are economically viable, environmentally sound and socially responsible. Achieving this goal requires participation from all sectors of the community, both to determine community needs and to identify and implement innovative and appropriate solutions. This section presents information from a variety of sources on approaches and techniques used successfully in different communities to develop key aspects of their local economies on a sustainable basis.
The use of various strategies for employing existing resources optimally so that a responsible and beneficial balance can be achieved over longer term. Within a business context economic sustainibility involves using the assorted assets of the company efficiently to allow it to continue functioning over longer profitibally over time.
The main aspect of sustainability is working within the capacity of the natural environment to ensure strong economic growth, stability and competitiveness and use the strategies to utilize available resources to the best advantage.
The executives thoughts that hiring recent graduates would contribute economic sustainibility of the company since they expected these new hires to stay with company for long time
Companies whose products and services receive quick acceptance from society and also create solutions to environmental or societal problems will benefit. In the long run such companies will be the ones that will succeed.
Sustainability is most often defined as meeting the needs of the present without compromising the ability of future generations to meet theirs. There are three main pillars: economic, environmental and social. These three pillars are informally referred to as people, planet and profits.
In most scenarios, the measure of economic sustainability is presented in monetary terms. The worth of assets and resources in dollar figures is common, as is identifying the amount of return generated by the efficient use of those resources. The idea is to aid in identifying areas of the operation in which resources are not being utilized in the most efficient manner, and take the steps to correct the situation. At the same time, the proposed changes to the operation are considered in terms of their overall effect on the production flow, making it possible to address any potential difficulties later in the process before the changes are actually implemented. Doing so means engaging in a strategy known as cross-sectoral coordination, which involves identifying what impact changes in one area of the operation will have on subsequent phases of the production process.
Sustainability is the ability to continue a defined behavior indefinitely. Environmental sustainability
Economic sustainability
Social sustainability
For more practical detail the behavior you wish to continue indefinitely must be defined. For example: Environmental sustainability is the ability to maintain rates of renewable resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely. Economic sustainability is the ability to support a defined level of economic production indefinitely. Social sustainability is the ability of a social system, such as a country, to function at a defined level of social well being indefinitely. A more complete definition of sustainability is thus environmental, economic, and social sustainability. This forms the goal of The Three Pillars of Sustainability.
But the actual question and challenge is how can we attain it? It's easy to say but hard to implement. In today's busy and running for development who has the time to attain environmental sustainability? Economic sustainability is the next biggest challenge. Main thing is how and what is needed to bring it work in reality.....
If we will plan out properly then nothing is impossible we can sustain our environment automatically economic sustainability will be improved. We need to co-operate with each other to sustain our environment and economy.
To be truly useful as a concept of economic development 'sustainability ' must be applicable to all forms of economic and social activityv ranging from agriculture and forestry to industry and human settlements. Policy recommendations are emerging in four areas: cost-benefit analysis , resource accounting, macro economics, policy making, analysis sustainability -applied research. The next stage must be to develop the analytical tools which are necessary to apply the concept of sustainability economic development to various economic - environmental systems.
Defination of Economic Sustainability:- Environmental sustainability is the ability to maintain rates of renewable resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely. Economic sustainability is the ability to support a defined level of economic production indefinitely.
ReplyDeleteThe goal of community sustainability is to establish local economies that are economically viable, environmentally sound and socially responsible. Achieving this goal requires participation from all sectors of the community, both to determine community needs and to identify and implement innovative and appropriate solutions. This section presents information from a variety of sources on approaches and techniques used successfully in different communities to develop key aspects of their local economies on a sustainable basis.
Deletevery true, it means economic sustainability goes hand in hand with all sectors of community
DeleteThe use of various strategies for employing existing resources optimally so that a responsible and beneficial balance can be achieved over longer term. Within a business context economic sustainibility involves using the assorted assets of the company efficiently to allow it to continue functioning over longer profitibally over time.
ReplyDeleteThe main aspect of sustainability is working within the capacity of the natural environment to ensure strong economic growth, stability and competitiveness and use the strategies to utilize available resources to the best advantage.
ReplyDeleteThe executives thoughts that hiring recent graduates would contribute economic sustainibility of the company since they expected these new hires to stay with company for long time
ReplyDeleteCompanies whose products and services receive quick acceptance from society and also create solutions to environmental or societal problems will benefit.
DeleteIn the long run such companies will be the ones that will succeed.
Sustainability is most often defined as meeting the needs of the present without compromising the ability of future generations to meet theirs. There are three main pillars: economic, environmental and social. These three pillars are informally referred to as people, planet and profits.
ReplyDeleteThat is Society, Environment and Economy
DeleteAll economic value is derived from nature by way of society, there is no other way.
ReplyDeletevery true.
DeleteIn most scenarios, the measure of economic sustainability is presented in monetary terms. The worth of assets and resources in dollar figures is common, as is identifying the amount of return generated by the efficient use of those resources. The idea is to aid in identifying areas of the operation in which resources are not being utilized in the most efficient manner, and take the steps to correct the situation. At the same time, the proposed changes to the operation are considered in terms of their overall effect on the production flow, making it possible to address any potential difficulties later in the process before the changes are actually implemented. Doing so means engaging in a strategy known as cross-sectoral coordination, which involves identifying what impact changes in one area of the operation will have on subsequent phases of the production process.
ReplyDeleteSustainability is the ability to continue a defined behavior indefinitely.
ReplyDeleteEnvironmental sustainability
Economic sustainability
Social sustainability
For more practical detail the behavior you wish to continue indefinitely must be defined. For example:
Environmental sustainability is the ability to maintain rates of renewable resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely.
Economic sustainability is the ability to support a defined level of economic production indefinitely.
Social sustainability is the ability of a social system, such as a country, to function at a defined level of social well being indefinitely.
A more complete definition of sustainability is thus environmental, economic, and social sustainability. This forms the goal of The Three Pillars of Sustainability.
This comment has been removed by the author.
ReplyDeleteEconomic sustainability is the ability to support a defined level of economic production indefinitely.
ReplyDeleteEconomic sustainability is the ability to support a defined level of economic production indefinitely.
ReplyDeleteEconomic sustainibility interfaces with economics through social and ecological consequences of economic activity
ReplyDeleteBut the actual question and challenge is how can we attain it? It's easy to say but hard to implement. In today's busy and running for development who has the time to attain environmental sustainability? Economic sustainability is the next biggest challenge. Main thing is how and what is needed to bring it work in reality.....
ReplyDeleteIf we will plan out properly then nothing is impossible we can sustain our environment automatically economic sustainability will be improved. We need to co-operate with each other to sustain our environment and economy.
ReplyDeleteSustainable development cannot happen in any country. Some ups and downs will be there in every country.
DeleteTo be truly useful as a concept of economic development 'sustainability ' must be applicable to all forms of economic and social activityv ranging from agriculture and forestry to industry and human settlements. Policy recommendations are emerging in four areas: cost-benefit analysis , resource accounting, macro economics, policy making, analysis sustainability -applied research. The next stage must be to develop the analytical tools which are necessary to apply the concept of sustainability economic development to various economic - environmental systems.
ReplyDeleteThis comment has been removed by the author.
ReplyDelete