sustainable development

sustainable development definition - finance
An economic development theory that calls for raising living standards without destroying the earthÂ’s ecosystems or causing environmental problems such as climate changes, water scarcity, or species extinction. Some say sustainable development means that the rich will have to reduce their standard of living in order to share more with poor people; others argue that is not the case.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.