economic sustainability

Question 1

what is economic sustainability

Answer 1

ensuring that average incomes in all countries are adequate to sustain a decent standard of living and continue to rise in line with inflation + living costs of the future

Question 2

characteristics of economic sustainability

Answer 2

1. innovation and diversity of industries
2. job creation
3. economic growth
4. trade

Question 3

innovation and diversity of industries H+W

Answer 3

wide range of industries + job opportunities -> ppl can earn a steady income -> increases ability to buy nutritious foods for kids -> increases their energy levels -> physical H+W

Question 4

job creation H+W

Answer 4

ppl can get out of poverty -> feel a sense of purpose -> causes them to give back to the community to express gratitude -> spiritual H+W

Question 5

economic growth H+W

Answer 5

country w/ sustainable income -> extra investments in hospitals -> ppl in remote areas can have access -> early diagnosis + treatment -> well-functioning body -> physical H+W

Question 6

trade H+W

Answer 6

fair trade in country -> ppl have more opportunities to get fair price for their products -> reduces poverty -> allows kids to go to school -> form supportive network of friends with their peers -> social H+W