is a sustainable economy?
A sustainable economy is one that provides the monetary
resources necessary to support the community. This includes providing
a tax base sufficient to run community services, providing members
of the community with sufficient wages and providing capital for
community development. A sustainable economy generates the capital
necessary for growth as well as that necessary to support the current
needs of the community.
does economic vitality influence community sustainability?
Without a sufficient tax base, a community cannot
provide its citizens with police, parks and recreation, safe drinking
water or any number of other public services. Without a sustainable
economy, social welfare programs cannot be funded, nor can individual
citizens afford to donate their wages to charitable causes. Considering
these outcomes, it is clear that a sustainable community has direct
impacts on social justice as well as human health issues. A stable
economy is also closely tied to the renewable use of environmental
resources. Due to the fact that the economy of a community strongly
influences all other aspects of sustainability, the economic vitality
is considered a major factor in creating a sustainable community
goal of achieving sustainable economic vitality is to establish
an economy with sufficient jobs, products, and services to support
the community. It is clear that exploiting human or natural resources
will not provide a sustainable economic plan. Similarly, too much
spending on employee benefits and environmental protection will
undermine economic stability. The economic plan in a sustainable
community must therefore balance the allocation of resources between
society, business and the environment.
can economic vitality be assessed with respect to sustainability?
Many of these attributes listed below have been
defined as important indicators of sustainable economic vitality
by Triangle Tommorrow, a non-profit sustainable development group
based in Raleigh, North Carolina. (see Triangle
indicators are as follows: