Sustainable economic practices focus on meeting present needs without compromising the ability of future generations to meet their own. This involves making choices that are environmentally sound, socially equitable, and economically viable. In everyday life, these practices can range from simple changes in consumption habits to more significant shifts in how we interact with our local and global economies.
By understanding and implementing these practices, we can collectively work towards a more resilient and equitable future for all. Itโs about creating a balance between economic growth, environmental protection, and social well-being.
Match the term with its definition:
| Term | Definition |
|---|---|
| 1. Sustainable Consumption | a. Meeting the needs of the present without compromising the ability of future generations to meet their own needs. |
| 2. Circular Economy | b. An economic system aimed at minimizing waste and maximizing the use of resources. |
| 3. Fair Trade | c. Using goods and services in a way that minimizes environmental impact and supports social equity. |
| 4. Renewable Energy | d. Trade in which fair prices are paid to producers in developing countries. |
| 5. Sustainable Development | e. Energy that is collected from renewable resources, which are naturally replenished. |
Answers: 1-c, 2-b, 3-d, 4-e, 5-a
Using __________ materials, like bamboo or recycled plastic, reduces our reliance on virgin resources and minimizes __________. Buying locally sourced food reduces __________ emissions associated with transportation and supports local __________. Embracing a __________ economy, where products are designed to be reused or recycled, is key to minimizing waste.
(Options: carbon, renewable, waste, community)
Answers: renewable, waste, carbon, community, waste
How can individuals and communities encourage businesses to adopt more sustainable economic practices? Provide specific examples.
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