Question

After reading Alister Wynn's blog post, "Is Economic Growth Sustainable? consider the implications for how one earns a living, conducts business, or engages in entrepreneurship. Do we have an obligation to future generations to work towards a sustainable market economy? What would a sustainable market economy look like? Could it still be a capitalist economy? What are the implications for the future of work and business?

Answer 1

The sustainable development is the practice which environmentally responsible and energy saving to introduce development programmes. This includes use of green materials in new construction, projects which reduce the load on power grid etc. Sustainable development satisfies the present generation without endangering the future generation. The three major components of sustainable development are economic growth, environmental protection and social cooperation. Present generation have an obligation towards the future, especially in the environmental resources. Environmental resources are non renewable in nature. So we should use it properly through considering the future generation.
On the other hand, it is mainly capitalist in nature. The sustainable development programmes are very expensive. So only profit oriented countries can manage it properly. Sustainable market economy can maintain using high level of monetary support. If this sustainable development can be maintained, the future work and business become more environmental oriented. It make the next generation into an eco friendly. Protecting the natural resources will gives long term development projects.