Question

1. What do you think about our current production and consumption patterns? How does a product's life-cycle influence sustainability?

2. What might be the role of innovation and technology in achieving economic sustainability?

please no handwriting

Answer 1

1)If we talk about current production and consuption pattern then it is more inclined towards sustainability.Minimizing the use of natural resources and toxic materials as well as the emissions of waste and pollutants over the life cycle of the service or product so as to not compromise with the future generation needs.Hence we can says todays consumption or production patter is about doing more and better with less.It can be said as  disassociating economic growth in terms of  environmental degradation and  thus increasing resource efficiency and promoting sustainable lifestyles.

sustainability Product lifecycle can be seen in the stages of the product's existence where the efforts are being made to reduce the negative impact on the environment to minimi. Like if materials is chosen with motive of reusability, it  will increase the sustainability of the practices at the end of the product's usable life.

2)Innovation and infusion of new technology is an indispensable fuel for economic growth.The genuine reason behind this is innovation lead to effeicient and effective production in increased ration there by facilitate wealth creation and economic well-being.Innovation and technology are also instrumental towards te promotion of structural transformation of economies, at different developmental stages along with enhanced competitiveness.Countries can improve their economic sustainability by benchmarking their performance and leveraging their strengths and addressing weaknesses thereby creating an essential environment for inclusive and sustainable economic growth.Innovation and technology development seek to change the nature of economic growth rather than limiting it and thusebabling a economy to new sources or provide alternatives if required.With the advent of technology it becoe easy to use and reuse what we have left in the most efficient manner.Innovation and technology thrives for achieving changes such as recycling, waste minimisation, substitution of materials, changed production processes, pollution control and more efficient usage of resources thus Efficiency will lead to sustainability.