Question

4) Distinguish
between the concepts of 'Hicksian-
Sustainability' and 'Hartwick - Solow sustainability.
Ans -​

Answer 1

Explanation:

Note that “Hicksian sustainability”, which requires non-decreasing consumption — including consumption of environmental goods and services — is virtually equivalent to "Hartwick-Solow sustainability” defined in terms of maintaining the total capital stock of society. ... An economy is weakly sustainable if Z > 0.