economic sustainability

Definition

The use of various strategies for employing existing resources optimally so that that a responsible and beneficial balance can be achieved over the longer term. Within a business context, economic sustainability involves using the assorted assets of the company efficiently to allow it to continue functioning profitability over time.

Use this term in a sentence

  • The executives thought that hiring recent graduates would contribute to the economic sustainability of the company, since they expected these new hires to stay with the company for a long time.

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  • I didn't think we had enough economic sustainability to last over the next few years and we would end up closing our doors.

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  • You need to figure out if your business has economic sustainability and if it does not it might be time to sell.

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