ustainable development helps in improving the living standards by protecting the natural resources and ecosystem. It is important for fulfillng the needs of people and look after the natural resources for the upcoming generation.
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- Environmental Protection
The challenges facing our world today, it helps to uncover solutions to manage a wide range of environmental problems. Its objectives are to conserve natural resources and the existing natural environment. It’s practice of protecting the natural environment by individuals, organizations and governments, where possible to repair damage and reverse trends to be done.
- Social Progress and Wealth
Greater levels of wealth, technological advancement, and public policies permit people to live better or to consume more and more, to feed themselves best, and to get sick less frequently. This idea of social progress is linked to the idea of economic wealth and material advance of human society and lives.
- Economics Value Department
Economic value therefore refers to the highest amount a consumer is willing to pay for a product or service in a free market economy, it is not the same as market price, which is the minimum price a good can be offered at in the marketplace. Economic value is typically higher than the market price.