Sustainable development is important for human life on a finite planet. It makes a desirable future state for the human societies in which the living conditions and proper resource-use meet many human needs without undermining the finite sustainability of natural systems along with the environment keeping in mind that future generations may also have all of their needs met.
As stated in the 'Brundtland Report’
“Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs."
It also contains within it two key concepts:
The concept of 'needs', to say in particular the essential needs of the poor, to which more priority should be given over others.
The idea of ‘limitations’ imposed by the state of the technology and also social organization on the basis of the environment's ability to meet present and future needs.
Sustainable development takes together the concern for carrying capacity of the natural systems with the social as well as economic challenges faced by humanity. As early as in the 1970s, 'sustainability' was used to describe an economy which was “in equilibrium with the basic ecological support systems." Scientists from many fields have also highlighted The Limits to Growth and economists too have presented different alternatives, for example a 'steady state economy' so as to address the concerns over the impacts of the expanding human development on the planet.
The concept of sustainable development has in the past most often been broken out into three constituent domains: environmental sustainability, economic sustainability and social sustainability.
Sustainable development can again be described as the growth or development that helps serve the important requirements of the present society that too without affecting the future generations' ability to use. It is a very