What concept refers to the ability of future generations to earn an income while using resources efficiently for economic growth?

The concept that refers to the ability of future generations to earn an income while using resources efficiently for economic growth is economic sustainability. This concept emphasizes the importance of maintaining and enhancing economic systems and the natural resources on which they depend so that future generations can also thrive. Economic sustainability involves developing practices that promote responsible resource use, ensuring that environmental, social, and economic factors are all aligned to support long-term growth and stability.

In practice, economic sustainability requires balancing current economic needs with the health of ecosystems and communities, recognizing that overexploitation of resources can lead to depletion, reduced income opportunities, and negative impacts on society. By fostering conditions that allow for continued economic activity without compromising future prospects, economic sustainability ensures that resources are managed efficiently and equitably, benefiting both present and future populations.