Building a sustainable economy in the modern world is an arduous task, but it is essential for long-term society and environment. Economic development should not be limited to short-term growth alone; foresight and holistic planning are required.
Most conglomerates cause depletion of natural resources to increase their profits, which has devastating repercussions on the environment. Intervention by policymakers is needed to eliminate the dichotomy between economic development and environmental protection.
For a healthy economy, equitable resource distribution is essential, where benevolence is shown to ensure the development of all classes of people in society. Empirical research proves that if the business paradigm is changed, it will ensure not only economic growth but also social stability.
To make the economy sustainable, mitigation strategies must be adopted so that macroeconomic balance is maintained and long-term viability is ensured.
|
Emoji
|
Word | Meaning | Example Sentence | Synonyms | Antonyms |
|---|---|---|---|---|---|
|
#3357
🌱
|
sustainable
səˈsteɪ.nə.bəl
adjective
••••••
|
Able to be maintained at a certain rate or level; not depleting natural resources.
••••••
|
Using renewable energy sources ensures a sustainable future. |
eco-friendly, long-lasting, renewable
••••••
|
unsustainable, temporary, harmful
••••••
|
|
#3358
💰
|
economy
ɪˈkɒn.ə.mi
noun
••••••
|
The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
••••••
|
A strong economy leads to higher employment rates. |
financial system, market, commerce
••••••
|
recession, decline, poverty
••••••
|
|
#3359
⛰️
|
arduous
ˈɑːr.dʒu.əs
adjective
••••••
|
Involving or requiring strenuous effort; difficult and tiring.
••••••
|
Climbing Mount Everest is an arduous task. |
difficult, challenging, strenuous
••••••
|
easy, effortless, simple
••••••
|
|
#3360
⏰
|
short-term
ˈʃɔːrt.tɜːrm
adjective
••••••
|
Occurring over or involving a relatively short period of time.
••••••
|
Investing in stocks can yield short-term profits. |
temporary, immediate, brief
••••••
|
long-term, permanent, enduring
••••••
|
|
#3361
🔮
|
foresight
ˈfɔː.saɪt
noun
••••••
|
The ability to predict or the action of predicting what will happen or be needed in the future.
••••••
|
His foresight helped him avoid financial trouble. |
vision, planning, anticipation
••••••
|
shortsightedness, impulsiveness, carelessness
••••••
|
|
#3362
🌐
|
holistic
həʊˈlɪs.tɪk
adjective
••••••
|
Characterized by the belief that the parts of something are intimately interconnected and explicable only by reference to the whole.
••••••
|
A holistic approach to health includes both physical and mental well-being. |
comprehensive, integrated, all-encompassing
••••••
|
fragmented, partial, incomplete
••••••
|
|
#3363
🏢
|
conglomerate
kənˈɡlɒm.ər.ət
noun
••••••
|
A large corporation formed by the merging of separate and diverse firms.
••••••
|
The company grew into a multinational conglomerate. |
corporation, multinational, enterprise
••••••
|
small business, startup, sole proprietorship
••••••
|
|
#3364
📉
|
depletion
dɪˈpliː.ʃən
noun
••••••
|
Reduction in the number or quantity of something.
••••••
|
Overfishing has led to the depletion of marine life. |
exhaustion, reduction, decline
••••••
|
growth, increase, abundance
••••••
|
|
#3365
💥
|
repercussion
ˌriː.pəˈkʌʃ.ən
noun
••••••
|
An unintended consequence occurring some time after an event or action, especially an unwelcome one.
••••••
|
The economic crisis had severe repercussions on global trade. |
consequence, outcome, effect
••••••
|
cause, origin, beginning
••••••
|
|
#3366
⚖️
|
dichotomy
daɪˈkɒt.ə.mi
noun
••••••
|
A division or contrast between two things that are or are represented as being opposed or entirely different.
••••••
|
There is a dichotomy between theory and practice. |
division, contrast, dualism
••••••
|
unity, harmony, agreement
••••••
|
|
#3367
🤝
|
intervention
ˌɪn.təˈvɛn.ʃən
noun
••••••
|
The action or process of intervening.
••••••
|
Government intervention stabilized the economy. |
mediation, involvement, interference
••••••
|
neglect, avoidance, non-engagement
••••••
|
|
#3368
⚖️
|
equitable
ˈɛk.wɪ.tə.bəl
adjective
••••••
|
Fair and impartial.
••••••
|
The company ensures equitable pay for all employees. |
fair, just, impartial
••••••
|
unfair, biased, unequal
••••••
|
|
#3369
❤️
|
benevolence
bəˈnɛv.ə.ləns
noun
••••••
|
The quality of being well meaning; kindness.
••••••
|
His benevolence towards the poor earned him great respect. |
kindness, generosity, compassion
••••••
|
cruelty, selfishness, malevolence
••••••
|
|
#3370
🔬
|
empirical
ɪmˈpɪr.ɪ.kəl
adjective
••••••
|
Based on, concerned with, or verifiable by observation or experience rather than theory or pure logic.
••••••
|
Scientific research relies on empirical evidence. |
observational, experimental, practical
••••••
|
theoretical, hypothetical, speculative
••••••
|
|
#3371
🎯
|
paradigm
ˈpær.ə.daɪm
noun
••••••
|
A typical example or pattern of something; a model.
••••••
|
The digital revolution changed the paradigm of communication. |
model, framework, prototype
••••••
|
disorder, chaos, unstructured system
••••••
|
|
#3372
🛡️
|
mitigation
ˌmɪt.ɪˈɡeɪ.ʃən
noun
••••••
|
The action of reducing the severity, seriousness, or painfulness of something.
••••••
|
Climate change mitigation requires global cooperation. |
reduction, alleviation, moderation
••••••
|
aggravation, intensification, exacerbation
••••••
|
|
#3373
📊
|
macroeconomic
ˌmæk.roʊ.iː.kəˈnɒm.ɪk
adjective
••••••
|
Relating to the large-scale or general economic factors, such as interest rates and national productivity.
••••••
|
Government policies impact macroeconomic stability. |
national economy, economic trends, large-scale financial system
••••••
|
microeconomic, individual finance, localized economy
••••••
|
|
#3374
✅
|
viability
ˌvaɪ.əˈbɪl.ə.ti
noun
••••••
|
The ability to work successfully.
••••••
|
The viability of the new business model was tested before launch. |
feasibility, sustainability, practicality
••••••
|
impracticality, unworkability, fragility
••••••
|
