Economics of sustainbility-A theoritical perspective

Success of the human life relies on the sustainability of people’s standard of living. Defining the term sustainability is a difficult task as it is complex in nature. This study is an attempt to project, new hypotheses to the term sustainability, by using natural and warranted growth rates. The unique concept of this research is to introduce a new concept called ‘SNS Measurement’ for Sustainability. This study also throws light on the link between the present and future generation in terms of sustainability in natural resources. Production is meaningful only when consumption is made and consumption without production leads to scarcity. Therefore the present theory initiates the concept of sustainability which involves in three aspects, firstly, the problems of distribution equity between inter and intra generations, secondly linkage of productions and production efficiency and finally, replacement of natural and artificial resources. © 2018, Indian Journal of Public Health Research and Development. All rights reserved.