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ISSN 2063-5346
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THE ROLE OF ECONOMICS, ENVIRONMENT AND ETHICS ON SUSTAINABLE DEVELOPMENT

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Bhagyasree Bora
» doi: 10.48047/ecb/2023.12.si5.290

Abstract

The pursuit of sustainable development, a concept aimed at meeting the needs of the present generation without compromising the ability of future generations to meet their own needs, relies on the integration of economics, environment, and ethics. Economics provides the framework for understanding resource allocation, market dynamics, and human behavior, and plays a pivotal role in achieving sustainable development through efficient and equitable resource allocation. Environmental considerations are essential for sustainable development, as they recognize the finite nature of natural resources and emphasize responsible and sustainable use. Ethical principles guide decision-making processes, ensuring fairness, justice, and equity in the distribution of resources and outcomes. The dynamic interplay between economics, environment, and ethics requires the integration of these pillars to foster sustainable practices and create a just and sustainable future..

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