The basic definition sounds something like this...
"The ability to support a defined level of economic production indefinitely."
This definition means that economic sustainability is the ability to constantly support a solid level of income per resident in each country, otherwise known as Gross Domestic Product (GDP) per capita. A country could be very wealthy and have a lot of GDP but if their income is unevenly distributed and many residents are financially below poverty level they are not sustainable. Often developing countries are economically unsustainable and developed countries have a much greater likelihood of being closer to being economically sustainable. Even if a country is very wealthy and has a strong GDP but too many of their residents live below the poverty line of $1.25 per day because their income is unevenly distributed are further from “economic production indefinitely.”
If you’re interested in reading more about economic sustainability or GDP per capita click the buttons below accordingly.
Economics is one of largest motivations influencing which direction a country is heading towards. Departments federally invested more or less in dictates the stronger and weaker aspects of a country. In nearly every action we make it’s with consideration to some angle of economics, both on large and focalized levels.
In a capitalistic society the deepest pocket usually has the final say and in many situations big corporations and large estates have the power to overtake smaller-scaled workers. For the most part people are just trying to provide enough for their family to survive and hopefully one day be able to provide more for the next generation because that alone is difficult enough. At the same time, consumers can shift the playing field to suit their needs by working collectively. Which leads to the highly debated question, whose responsibility is it to guide society: the government, corporations, or consumers?
While we’re asking questions, here are more.
Where does our tax money go and what services does the government provide in return? Do you agree with it
How many people in your country are very wealthy compared to how many people are poor?
How many people are wealthy in your country compared to the wealth of other countries?
How far does your currency provide you and your family in living expenses?
How do countries pay for their contribution of pollution globally?
How much pollution does your country contribute and what do they do about it?
ADDITIONAL Topics include:
Distribution of Wealth
Power and Influence
Use of Taxes
Value of currency
pollution cost system