Sustainable economic development is taken to mean development without damaging the environment and not compromising with the needs of the future generation.
The consequences of environmental degradation do not respect national or state boundaries. Sustainability of development is comparatively a new area of knowledge in which scientists, economists, philosophers and other social scientists are working together.
Natural resources can be divided into renewable resources and non-renewable resources. Groundwater is an example of a renewable resource. The question arises as to how sustainable development is possible if the resources are overused rather than getting replenished. Nonrenewable resources get exhausted after certain number of years of extracting and using them and they cannot be replenished.
To achieve real sustainability, we need to balance economic, social and environmental sustainability in equal harmony.
In general, the question of development or progress is continuous. At all times, as a member of society and as individuals, we need to ask where we want to go, what we wish to become and what our goals are.
