Managing economic growth while preserving long-term ecological health is referred to as what?

The concept of managing economic growth while ensuring the preservation of long-term ecological health is best encapsulated by sustainable development. This framework emphasizes the need to meet the needs of the present without compromising the ability of future generations to meet their own needs. Sustainable development integrates economic, social, and environmental considerations, promoting a balanced approach that fosters economic growth while protecting the environment and advocating for social equity.

Sustainable development contrasts with other concepts like resource conservation, which focuses more specifically on the careful management of natural resources, and environmental management, which is typically concerned with practices and processes used to minimize environmental impacts. Green economics, while similarly aimed at promoting an environmentally friendly economic system, may not encompass the broader social and developmental aspects inherent in sustainable development. Therefore, sustainable development is the most comprehensive and applicable term for the principle of balancing economic growth with ecological health in this context.