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Sustainable development is an approach to growth and human development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs. [1] [2] The aim is to have a society where living conditions and resources meet human needs without undermining planetary integrity.
Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. [ 23 ] [ 24 ] [ 25 ] It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resource use and adverse environmental impacts is ...
The sustainable growth rate is the growth rate in profits that a company can reasonably achieve, consistent with its established financial policy.Relatedly, an assumption re the company's sustainable growth rate is a required input to several valuation models — for instance the Gordon model and other discounted cash flow models — where this is used in the calculation of continuing or ...
[14] [15] While conventional economics is concerned largely with economic growth and the efficient allocation of resources, ecological economics has the explicit goal of sustainable scale (rather than continual growth), fair distribution and efficient allocation, in that order.
Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. [ 1 ] [ 2 ] [ 3 ] It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resource use and adverse environmental impacts is required.
Clean growth refers to economic growth that is energy efficient, uses sustainable agricultural practices, and uses renewable energy technologies according to the ‘Poles’ outlined in the UN's Sustainable Development Goals. [1] In other words, it is economic growth tied to conscious and sustainable principles with the aim of reducing ...
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The economic growth rate is typically calculated as real Gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth. The "rate" of economic growth refers to the geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents ...