Why is sustainable development important for economic growth 0?
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Sustainable development: Development which does not cause overuse of resources, at the same time replenishing the existing resources is called as sustainable development.Sustainable development is essential for economic growth because it means 'development should take place without damaging the environment,
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Sustainable development refers to “meeting the needs of the present generation without compromising the needs of future generation”.
Thus economic growth will be sustainable if the stock of capital assets including land remains constant or increases over time. It may however be noted that future economic development and quality of life crucially depends on the natural resource base and quality of the environment i.e., the quality of land, water and air.
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