as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the concept of sustainable development in your own words.
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sustainable development is a concept which advocates for the development of economies and societies in a way that meets present needs and needs of the future generations without compromising the natural resources and environment. it promotes the idea of using resources in a way that causes less damage to the environment and also encourages conserving natural resources through proper management, efficient use of resources, and renewable resources.
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