ANALYSIS ON THE ECONOMIC BENEFITS OF SUSTAINABLE PRACTICES IN ENHANCING WEALTH CREATION AND EQUITABLE RESOURCE DISTRIBUTION

LAXMIDHAR JENA; Prof. Mohd Masood Ahmed

ANALYSIS ON THE ECONOMIC BENEFITS OF SUSTAINABLE PRACTICES IN ENHANCING WEALTH CREATION AND EQUITABLE RESOURCE DISTRIBUTION

Authors: LAXMIDHAR JENA, Prof. Mohd Masood Ahmed

Unique Paper ID: 167379
Volume: 10
Issue: 12
PageNo: 3122-3127

Keywords: Economic Sustainable Practices wealth creation Equitable Resource Distribution etc.

Abstract:
Considering sustainable development is more crucial in our daily lives. For an extended period, it has served as a means to safeguard the environment and foster economic and social development. However, what is the true essence or significance of that? Sustainable development, as defined by the United Nations, refers to the process of achieving development that fulfils the current requirements while safeguarding the capacity of future generations to fulfil their own needs. Sustainable development is centred on the objectives of waste reduction, pollution mitigation, and inequality reduction, all while ensuring the continuation of economic progress. It considers the enduring consequences of human actions and their influence on the environment. Essentially, the goal is to create a more improved global environment that benefits all individuals. There are various advantages of sustainable development for both individuals and the environment. The purpose of this initiative is to enhance the overall well-being of individuals by recognising the interconnectedness of environmental, economic, and social concerns. From an economic perspective, the implementation of sustainable practices has the potential to foster a more robust, secure, and efficient environment. Sustainable economic growth refers to the ability to continue economic expansion without generating any adverse economic issues or complexities. Sustainable development is the act of promoting economic growth over an extended period of time while avoiding the depletion of resources. If one has an inclination in comprehending the elements that influence sustainable development and economic progress, it might be beneficial to get an understanding of its nature and significance. From a social perspective, implementing sustainable practices may enhance the cohesion of communities, enhance the overall standard of living, and instill optimism for a more promising future.

Download article

email to a friend

Cite This Article

ISSN: 2349-6002
Volume: 10
Issue: 12
PageNo: 3122-3127

ANALYSIS ON THE ECONOMIC BENEFITS OF SUSTAINABLE PRACTICES IN ENHANCING WEALTH CREATION AND EQUITABLE RESOURCE DISTRIBUTION

Available:https://ijirt.org/Article?manuscript=167379

12 Dec, 2024

ACCENT, PRONUNCIATION, AND GRAMMAR: A PHONETIC APPROACH TO TEACHING SPOKEN ENGLISH FOR PROFESSIONAL COMMUNICATION

20 Nov, 2024

ASSESSING CRITICAL CARE CHALLENGES IN RESPIRATORY SUPPORT FOR TRAUMA PATIENTS WITH AIRWAY COMPROMISE

11 Nov, 2024

Exploring the Opportunities and Challenges of the Integration of Artificial Intelligence: With Reference to Media, Journalism, and Advertising

10 Nov, 2024

INVESTIGATE THE ROLE OF CROSS-CULTURAL COMPETENCE IN EFFECTIVE GLOBAL WORKFORCE MANAGEMENT

21 Oct, 2024

THE HISTORICAL IMPACT OF CASTE ON INSTRUMENTAL MUSIC IN CARNATIC AND HINDUSTANI TRADITIONS

17 Oct, 2024

AN OVERVIEW ON THE CONCEPT OF WEIGHT TRAINING, CIRCUIT WEIGHT TRAINING, AND COMBINED TRAINING

25 Sep, 2024

GENDER STEREOTYPES IN CLASSIC ‘FAIRY TALES’: A FEMINIST READING

21 Sep, 2024

MODERN INTERPRETATIONS OF SHAKESPEARE’S FEMALE CHARACTERS

19 Sep, 2024

COMPARATIVE ANALYSIS OF MAGIC REALISM IN LATIN AMERICAN AND AFRICAN LITERATURE

23 Aug, 2024

IMPACT OF MOBILE BANKING ON EXPANSION OF BANKING SERVICES

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

Join Our IPN

IJIRT Partner Network

Submit your research paper and those of your network (friends, colleagues, or peers) through your IPN account, and receive 800 INR for each paper that gets published.

Join Now

Latest Publication

Recent Conferences

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024 Last Date: 15th March 2024

Submit inquiry