What concept aims to satisfy present needs without compromising future resources?

The concept that aims to satisfy present needs without compromising future resources is sustainable development. This principle recognizes the importance of balancing economic, social, and environmental concerns to ensure that future generations can meet their own needs. Sustainable development encourages practices that reduce resource consumption, protect ecosystems, and promote social equity. It promotes a harmonious relationship between development and environmental stewardship, addressing the long-term viability of both human societies and the natural world.

In contrast, urban renewal focuses on revitalizing deteriorated or underdeveloped urban areas, which may not inherently consider the sustainability aspect as it can sometimes prioritize short-term development over long-term ecological and social impacts. Market development refers to strategies for increasing market share or introducing products without necessarily considering future resource constraints. Planned growth indicates organized strategies for development but may not explicitly emphasize sustainability. Thus, the correct choice emphasizes a holistic approach to development that safeguards future resources, making it the most fitting answer.