The 'Prosperity' pillar within the 5P framework emphasizes the necessity of transitioning from a consumption-based growth model to an inclusive growth model that combines economic growth with reducing inequality and improving quality of life. Sustainable economic development requires investments in human capital, infrastructure, and innovation while minimizing negative environmental impacts. The concept of prosperity within the 5P principle extends beyond the traditional understanding of well-being by maximizing utility. This finding highlights the significance of income distribution, equal opportunities, and quality of life.
