Year: 2024
Type: article
Abstract: The article explores the critical economic factors that underpin sustainable development, a holistic approach aimed at balancing economic growth, social inclusion, and environmental protection.The authors aim to define the notion of sustainable development, emphasizing the significance of economic strategies in achieving this equilibrium.The objective was to examine key economic factors, including efficient resource management, investment in green technologies, economic diversification, equitable distribution of wealth, and the role of education and skills development.Our analysis shows how economic activities affect social and environmental outcomes, and how planning for the future can make progress last a long time.A key portion of our research examines the significance of conserving resources and utilizing them sustainably through strategies like conservation, recycling, and renewable energy adoption.Examples of successful practices worldwide are provided to emphasize the role of technological innovation in enhancing resource efficiency.Accordingly, investing in eco-friendly tech elucidates how these gadgets aid in eco-friendly growth by generating employment, fostering financial expansion, and minimizing environmental impact.Our study emphasizes the importance of government policies and private sector investments in green technology, highlighting the impactful green technology initiatives.Economic diversification is presented as a crucial strategy for reducing vulnerability to external shocks and ensuring long-term stability.The article discusses the risks associated with dependence on a single industry and outlines
Source: Вісник науки та освіти
Authors: Denys Svyrydenko, Frol Revin
Institution: Dragomanov Ukrainian State University
Language: Ukrainian
Subfield: Management, Monitoring, Policy and Law
Field: Environmental Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4402425652