Economic sustainability refers to the ability of an economy to support a defined level of economic production indefinitely. It focuses on creating long-term economic growth without negatively impacting social, environmental, and cultural aspects. This involves using resources efficiently, promoting fair trade, and ensuring that economic activities do not deplete natural resources or harm communities.
To achieve economic sustainability, businesses and governments often adopt practices that balance profit-making with social responsibility. This includes investing in renewable energy, supporting local economies, and fostering innovation. By prioritizing sustainable practices, societies can work towards a stable economy that benefits current and future generations.