Economic sustainability refers to the practice of maintaining and managing resources in a way that ensures long-term economic health and viability. It emphasizes the importance of creating economic systems that can support current and future generations without compromising environmental integrity or social equity. Economic sustainability involves balancing economic growth with environmental stewardship and social responsibility, ensuring that resources are used efficiently and responsibly. It often encompasses practices such as sustainable business models, ethical investment, responsible consumption, and initiatives that promote fair trade and equitable distribution of wealth. The goal is to create an economy that can endure over time while providing opportunities and a high quality of life for all individuals, ultimately contributing to the overall stability and resilience of communities and nations.
In 2023, Lea County, New Mexico, saw an economic surge, generating $180 million from oil and natural gas, eight times the previous year's revenue. Despite the sudden wealth, the impermanence…