Importance of Long Term Environment Sustainability for Both Social and Economic

Accounting
Theory
Importance of Long Term, Environment
Sustainability for Both Social and
Economic

Sustainability
– Study of how natural system function remains diverse and produce the needs
for an ecology to remain in balance
– Acknowledgement of the human civilisation for the need of resources to sustain
modern way of life
– Sustainability is important for keeping our streets and civic buildings lit, to
power our appliances, our heating and other public and household power
requirements
– Minimising the impact of the environment which is necessary to ensure
sustainable social and economic future

Economic Sustainability
– Sustainability of the ‘economic sustainability’ is comprised of the sustainability of the
economy system itself
– Exercise of sustainability and sustainable design from an intelligent and creative use of
the economic resources
– Creating appropriate value of the intervention which is much higher than the price
– Economic development is able to prove that people disagrees to the political ideology
and affects the business
– Economic development is about providing the people what they desire without
compromising with the quality of life especially in the developing world and reducing
the overall financial burden