Sustainable growth and economic development 1094 words5 pages economic growth has been used with other terms such as development modernization westernization and industrialization it is in other words a transition from a simple low income economy to a modern high income economy its scope includes the process and policies by which a . The three implications of sustainable development the declaration of rio on environment and development 1992 recognized that sustainable development was a balance of three dimensions o environmental protection o economic growth o social development through this diagram we can find economic social and environmental processes are inter connected. The concepts of sustainable development and economic growth are interconnected with the aim of protecting the available wealth of the earth and at the same time creating more opportunities towards satisfaction of human needs climatic changes can be traced back to countless rises in pollutants capable of interfering with future global ecosystem. Economic development vs economic growth economic growth is a narrower concept than economic developmentit is an increase in a countrys real level of national output which can be caused by an increase in the quality of resources by education etc increase in the quantity of resources amp improvements in technology or in another way an increase in the value of goods and services produced by every sector of the economy. Sustainable development is a technique of economic growth under which resources are used to meet not only the demand of present generation but also for generations to come marketing act as a business philosophy and a collection of management techniques orientated towards providing value to consumers organisations and society