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Sustainability and Economic Development: Analyzing the Interconnectedness and Impact

An exploration of the relationship between sustainability practices and economic development, focusing on global impacts.

Ryan Scott
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Sustainability and Economic Development: Analyzing the Interconnectednessand ImpactModule 1Ans1:Sustainabilityimpliestheawarenessthatworldwideeconomicprogressisindistinguishablylinkedtoecologicalstability.Theunmaintainableeconomicactionsdestructivelyhampertheenvironment.Theenvironmentalunpredictabilityalsoharmfullyhampers theeconomic development.Thisconceptis complemented by thegrowingrealizationofthemarketwithrespectto sustainable practicesthat ultimately leads toabiggerstigmalinkedwith entities deemed ethically insensitive to environmental concerns.Ans 2:The above factors givebirthto a new sustainablebusiness or paradigm where themanagersponder and discusstheinstantpracticality of adecisionimplied. The three pillars mustbe part of the decision making process&this willgive rise to sustainability &promote greaterprofitability in the long term.For instance, business in the21stcenturyisexperiencedin amethodwhich is economically vibrant as well as ecologically sound&ethicallypraisedin theeyesof eachemployee. Theseabilitiesmatch the3pillars of the sustainable business paradigmof the Next Industrial Revolution.Ans 3:Economic development basically talks about the sustained actions ofthe business&communities thatencouragetheliving standards &theeconomic healthof business. Economicdevelopmentalso impliesthe quantitative and qualitativemodificationsin the economy.Ans 4: Customers participate in the sustainable business model.Raw materials and resourcescould be consumed at a much greater rate and for much cheaper than had ever been realized

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Environmental Science

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