What are the 3 Pillars of sustainability?
The 3 pillars of sustainability that have emerged include economic viability, environmental protection, and social equity. Taken together, these pillars result in a high quality of life and a thriving society living in balanced harmony with the environment, rather than depleting resources and living in a state of scarcity.
What are the major components of an economy?
An economy can be broken down into three major components: Land, Labor and Capital. Economists use the term “Land” in a special sense: that which was not created by people. “Land” includes the inherent value of real estate before development adds value; that is, land value before clearing, road building and the placement of buildings.
What are the three pillars of Economic Analysis?
Three pillars of economic analysis are gross domestic product (GDP), personal income, and employment. Government agencies provide statistics relating to these aspects of the economy. A nation’s gross domestic product is the broadest measure of its economic activity.
What are the 3 Pillars of national policy?
National policy aims “to create and maintain conditions under which humans and nature can exist in productive harmony, that permit fulfilling the social, economic, and other requirements of present and future generations.” The 3 pillars of sustainability that have emerged include economic viability, environmental protection, and social equity.