The set of a country’s productive factors that, interacting together, create economic, environmental, and social value, both in the short and long term, either in a local environment or in a broader general one. In this way, it contributes to the increase of well-being, the reduction of poverty, and the progress of present generations without compromising their future development possibilities. It is a controversial concept that questions whether growth is compatible with sustainability, the environment, and resources.
« Back to Glossary IndexSustainable economy
« Back to Glossary Index