Q74+Explain+why+economic+growth+is+likely+to+generate+external+costs,+which+are+a+threat+to+sustainable+development.+(Development)

By definition, sustainable development is that the present use of resources in satisfying needs of an economy should not lessen or limit future generations’ use of resources in satisfying needs. Given that resources are split into two categories, namely expendable and limited and knowing that economic growth is reliant on the usage of non-renewable resources such as oils and minerals means that no economy can be based on sustainable development. Also it is assumed that everything produced has a detrimental effect i.e. is not sustainable – but it does benefit society e.g. cars – such things are needed for economic growth and industrialization. Sustainability depends on the mix and use of resources and human/fixed capital and on the speed with which one an increase the efficiency in the use of these resources.