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Economic Sustainability: Meeting Needs without Compromising Future Generations

Author

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  • Mahmoud Elsawy
  • Marwan Youssef

Abstract

This paper examines the concept of economic sustainability in the business context, specifically focusing on how businesses can meet their present needs without compromising future generations’ ability to meet their own needs. We explore definitions of economic sustainability, its historical evolution, implementation in business practice, associated challenges, and implications for future generations. The findings indicate that while economic sustainability is increasingly recognised as crucial in business, challenges related to short-termism and lack of awareness persist. The paper concludes by identifying gaps in the current literature and suggesting potential directions for future research. This review contributes to a deeper understanding of economic sustainability and its role in ensuring long-term business success and intergenerational equity.

Suggested Citation

  • Mahmoud Elsawy & Marwan Youssef, 2023. "Economic Sustainability: Meeting Needs without Compromising Future Generations," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 15(10), pages 1-23, October.
    • Handle: RePEc:ibn:ijefaa:v:15:y:2023:i:10:p:23
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    Cited by:

    1. Roest, Henk & Snoeren, Sander, 2024. "When desired brand values might conflict : The diagnosticity of different packaging elements on brand sustainability and brand quality," Other publications TiSEM 5612c088-1e58-4d9b-9d92-2, Tilburg University, School of Economics and Management.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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