• In the Brundtland report [1], sustainability or sustainable development is defined as "the development that meets the needs of the present without compromising the ability of the future generations to meet their own needs".

• It is commonly agreed that sustainability has three dimensions: Social, Ecological (Environment) and Economic. Stiglitz [2] best sums up the three dimensions in the sustainability below:
•  

• [1] Brundtland Report: World Commission on Environment and Development (1987): Our common future. Oxford University Press, Oxford.
•   
• [2]Stiglitz, J. (1974): Growth with exhaustible natural resources: Efficient and optimal growth paths. Review of Economic Studies Symposium, 139–152.

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