Name: Navya Salaria

Class:XI
Subject: Economics
Topic: Sustainable
Development
 INDEX
Factors affecting Economic
Sr. No. Topic 8.
Sustainability

1. Title Page 9. Economic Challenges

Solutions for Sustainable

2. Acknowledgement 10.
Economic Development

11. Conclusion
3. Certificate
12. Bibliography
4. Introduction

Understanding Sustainable
5.
Development and SDGs

6. The Three Pillars of Sustainability

Understanding Economic
7. Sustainibility
Acknowledgement
I would like to thank my subject
teacher, Mr. Suresh for assigning
this project to me as it provides
an opportunity for me to explore
an important topic like
sustainable development and
express my thoughts on it.
Certificate
This is to certify that Navya Salaria
student of XI Humanities has
successfully completed their
Economics project on ‘Sustainable
Development’.

Navya Salaria
Mr. Naresh Navya Salaria
Introduction
Sustainable Development simply means an
approach to human development that aims
to meet the needs of the present without
compromising the ability of future
generations to meet their own needs.
 Understanding Sustainable
Development and SDGs
Sustainable development is how we must live today if we want a better tomorrow, by meeting present needs
without compromising the chances of future generations to meet their needs. The survival of our societies
and our shared planet depends on a more sustainable world. Where development is sustainable, everyone has
access to decent work, health care and education. Unsustainable development happens when people pursue
immediate rewards without thinking about harms to other people or the planet. For example, when someone
cuts down an entire forest to turn a quick profit even if an ecosystem collapses, endangered species die off
and local communities are left at permanent risk of devastating floods. In 2015, UN Member States translated
their vision of sustainable development into a blueprint for achieving it: the 2030mAgenda for Sustainable
Development. It includes 17 Sustainable Development Goals, with ambitious targets to achieve by 2030, that
cover the three dimensions of sustainable development: the economy, social development and the
environment.
 SDGs: Sustainable Development Goals
The 17 Sustainable Development Goals (SDGs), are an urgent call

SDGs
for action by all countries - developed and developing - in a
global partnership. They recognize that ending poverty and
other deprivations must go hand-in-hand with strategies that
improve health and education, reduce inequality, and spur
economic growth – all while tackling climate change and
working to preserve our oceans and forests.
 Environmental Sustainability
Environmental sustainability is the ability to maintain an
ecological balance in our planet's natural environment
and conserve natural resources to support the
wellbeing of current and future generations. The 7 R's of
environmental sustainability include:
Rethink, Refuse, Reduce, Reuse, Repair, Regift, Recycle
Economic Sustainability
Economic sustainability is about creating long-term
economic growth and development without
compromising the ability of future generations to meet
their own needs. It refers to practices that support long-
Key Components of Sustainability
term economic growth without negatively impacting
social, environmental, and cultural aspects of the

The Three Pillars of

community.
Social Sustainability
Sustainability Social sustainability refers to the equitable distribution
of physical and social resources. Physical resources
include food, shelter, clean water, clothing and energy.
Social resources include access to information and
knowledge, freedom of speech, participation in
decision-making processes, and strong community
networks.
 Understanding Economic
Sustainability
Economic sustainability combines environmental protection, sustainable practices,
financial tools and technology to balance climate change and profits for companies.
Economic sustainability integrates environment protection and sustainable
practices with financial tools and technology, to positively impact efficient resource
allocation, stable global economy and long term societal benefits along with
company profitability. Several examples of economic sustainability include utilising
recycling, promoting sustainable agriculture, integrating blockchain and
cryptocurrencies, focusing on renewable energy, sustainable tourism and fish
farming, and encouraging green building rating systems. 50
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 The responsible management of
International cooperation and
resources.
partnerships between public
The capacity for efficiency and
administration and private
innovation of economic systems
enterprises.
and enterprises.

Financial stability at the macro

level.
The level of equity and social
inclusion.
Corporate responsibility.

Factors affecting
States' level of social innovation,
that is, each country's commitment
to promoting policies, programs and

Economic
initiatives that address crucial
social issues such as poverty,

Sustainability
gender equality, access to
education and health care,
environmental sustainability, and
other social issues.
 Barriers to
Sustainable
Economic
Challenges
Growth

Overconsumption of Wealth Inequality Unsustainable Industrial

Resources Practices
Overconsumption means consuming resources Wealth refers to the total amount of As the world has become more
that we cannot replenish or that cannot sustain assets of an individual or household. industrialized, there have been
themselves at the rate we are consuming them. Wealth inequality therefore, refers to increasing environmental pressures.
We are quickly consuming our way toward a the unequal distribution of assets Unsustainable industrial practices
world where there will be few resources left for among a group of people. Excessive are behaviors and business choices
future generations. The current economic system inequality can erode social cohesion, that deplete natural resources, harm
has also degraded the environment, resulting in lead to political polarization, and ecosystems and contribute to
climate change, and failed substantially to reduce lower economic growth. environmental degradation.
global poverty.
 Solutions for Sustainable
Economic Development
Circular Economy Eco-Friendly Product
The circular economy is a model Eco-friendly products made
of production and consumption using natural materials and
which involves sharing, leasing,
ingredients are better than
reusing, repairing, refurbishing
and recycling existing materials those manufactured using
and products as long as plastics and synthetic
possible. In practice, it implies materials, and/or chemicals
reducing waste to a minimum. and dangerous substances.
When a product reaches the These products are
end of its life, its materials are sustainably sourced,
kept within the economy manufactured or processed
wherever possible. These can be and provide economic, social
productively used again and and environmental benefits
again, thereby creating further throughout their life cycle.
value.
 Conclusion
Sustainable development meets
present needs without
compromising the future. It requires
holistic, systems-thinking about
environmental, social, and
economic limitations. Governments
must lead the sustainability
transition through policy, incentives
and investment.
Bibliography
https://www.un.org/sustainabledevelopment/blog/2023/08/what-is-sustainable-
development/

https://sdgs.un.org/goals

https://en.wikipedia.org/wiki/Sustainable_Development_Goals

https://missionsustainability.org/blog/economic-sustainability/

Introductory to Microeconomics Class IX [Sandeep Garg]

+123-456-7890 www.reallygreatsite.com [email protected]

 Thank You!

Submitted By: Navya Salaria

Submitted To: Mr. Suresh