Title: Sustainable Economy | What is a sustainable economy | Econation
Headings: Sustainable economy
Sustainable economy
What is a sustainable economy?
The old economics
Supply and demand
Economic growth
Capital and profit
False costs
Productivity and efficiency
A new economics

Content: Average levels of life satisfaction have not increased in the past 50 years in these economies and yet the amount of production has more than doubled. If the purpose of the economy is to provide well-being and more production is not creating more well-being then it’s a complete waste. Economic growth
The constant drive for economic growth is only partly connected to population growth and increases in standard of living. In most countries in the developed world the economy is more than big enough to provide a high standard of living and well-being for everyone. Once an economy has reached a certain size (measured in GDP per capita) any further growth is not only unnecessary, it is also damaging. Read more about economic growth. Capital and profit
A capitalist economy is a market system where goods are produced and sold for profit. The profits gained tend to be invested in capital, in the form of producer goods, things such as factories, machines, tools and other productive resources. It is easy to see that this continuous reinvestment of profits leads to the growth of production. This growth is compounding because there is growth on top of previous growth.