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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summarize what is meant by the term ' sustainable development'.
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sustainable development is a term used to describe the balance of economic growth and development with social, environmental, and economic concerns. it emphasizes the need to preserve natural resources, reduce poverty and inequality, and promote economic growth while safeguarding the natural environment. sustainable development is ongoing and requires long-term thinking and planning.
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