Question

What do you mean by sustainable economic development? Why is it essential for resource planning?

Answer 1

Sustainable economic development refers to that kind of development which does not harm or affect the needs of the future generation.
Sustainable economic development is essential for resource planning because it helps us to make the judicious use of resources instead of exploiting them recklessly.It paves the way for the development of the existing resources instead of destroying them.It is a true way for resource planning.

Answer 2

Answer:

Explanation:

Sustainable economic growth is economic development that attempts to satisfy the needs of humans but in a manner that sustains natural resources and the environment for future generations. An economy functions in the ecosystem. We cannot separate the economy from it. In fact, an economy cannot exist without it. The ecosystem provides the factors of production that fuels economic growth: land, natural resources, labor, and capital (which is created by labor and natural resources). Sustainable economic growth is managing these resources in a manner that they will not be depleted and will remain available for future generations