Final answer:
Economic sustainability promotes health and wellbeing by ensuring resource use does not compromise future needs, supporting local food production, providing clean water, and fostering an economic system that serves all populations' health needs. It directly impacts poverty reduction and increases access to health services, contributing to a healthier population.
Step-by-step explanation:
Economic sustainability promotes health and wellbeing by ensuring that resources are used in a manner that satisfies current needs without compromising the ability of future generations to meet their own needs.
Through practices such as maximisation of local food production, maintaining a steady consumption of materials and energy, and ensuring a supply of clean water, a sustainable economy directly contributes to improved health outcomes. The development of small-scale economic initiatives that incorporate sustainable resource use contributes to this goal as well.
A sustainable economic framework considers aspects like stable consumption, clean water, and affordable healthcare, which are critical to human health and wellbeing. This involves introducing a new economic system that addresses the health needs of all people without increasing natural resource consumption.
By focusing on sectors such as agriculture, which significantly benefits the poorest half of a country's population, economic sustainability can lead to better health outcomes, reduced poverty, and improved overall wellbeing.
However, achieving true sustainability is challenging, as it depends on balancing a multitude of factors, including the per capita consumption of resources and population size.
The health of the economy and its growth are also shaped by a healthy climate for economic growth, which includes physical and human capital deepening, advancement in technology, and a legal system that sustains property and contractual rights. These factors together support a sustainable economic environment that is conducive to health and wellbeing.