What term describes development that meets the needs of the present without compromising future generations' ability to meet their own needs?

The term that describes development meeting the needs of the present without compromising future generations' ability to meet their own needs is sustainable development. This concept emphasizes the balance between economic growth, environmental preservation, and social equity. Sustainable development seeks to ensure that resources are used responsibly and that ecosystems are preserved so that they can continue to provide for future generations. This approach acknowledges the importance of meeting current needs while also prioritizing long-term sustainability and the health of the planet.

Other terms presented do not capture this concept as effectively. Economic growth is primarily focused on the increase in a country's output and wealth without necessarily considering environmental or social aspects. Market equilibrium refers to a state in the market where supply equals demand, an important aspect of economics but not directly related to sustainability. Resource depletion addresses the reduction of natural resources due to overconsumption, which runs counter to the goals of sustainable development. Thus, sustainable development is the most accurate term that encapsulates the idea of responsibly managing resources for both current and future needs.