The Economic Cost For Pursuing Sustainable Development

1374 WordsApr 20, 20166 Pages
Environmental Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It contains two key concepts: 1. the concept of needs 2. the idea of limitations imposed by the state of technology and social organization on the environment 's ability to meet present and future needs This project focus was on researching the economic cost for pursuing sustainable development. Our research analysis was conducted on how developed, rural, and urban countries manage resources with growing populations and high demand finite resources. Each country faces different challenges maintaining social, environmental, and sustainable economics. The cost of sustainable growth comes at a price. Policy makers and governments have to discuss, research, and analysis the cost-benefit of the growth. Growth is subject to the law of diminishing returns because of overconsumption or overproduction of resources. Group 7 is analyzing changes that are effecting social, environmental, and sustainable economic to see how the development in the North and South shape the present and future growth. All sustainable systems are not created equal. Because of the assumption one can have, that prices should be reflected the same across all spectrums, estimating for sustainable development becomes tricky because where one place can generate clean energy for a certain cost, other places might not be able to. This is all due to
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