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Sustainability and Environmental Impact Introduction Sustainability and environmental impact are critical topics in today’s world as societies strive to balance economic growth with ecological responsibility. Sustainability refers to meeting present needs without compromising the ability of future generations to meet their own. Environmental impact, on the other hand, encompasses the effects human activities have on the natural world. This essay explores the principles of sustainability, the various dimensions of environmental impact, and strategies for creating a more sustainable future. Understanding Sustainability Sustainability is often categorized into three pillars: Environmental Sustainability – Protecting natural resources and ecosystems to ensure long-term environmental health. Economic Sustainability – Supporting economic activities that do not deplete natural resources or harm ecosystems. Social Sustainability – Ensuring societal well-being by promoting equity, ed...

Economics is the study of how societies, businesses, governments, and individuals make choices about allocating limited resources to satisfy their needs and wants. It examines the production, distribution, and consumption of goods and services and seeks to understand how people make decisions in various environments. Key Concepts in Economics: Scarcity Scarcity refers to the basic economic problem that resources (like time, money, labor, and materials) are limited, while human wants are unlimited. This forces individuals and societies to make choices about how to use these resources. Supply and Demand The law of supply and demand is a fundamental concept. It states that the price of a good or service is determined by the quantity available (supply) and the desire for it (demand). Higher demand with limited supply leads to higher prices, and vice versa. Opportunity Cost Opportunity cost is the cost of forgoing the next best alternative when making a decision. It helps to me...