A capitalist society is the type of society that most of the people live in, especially in the Western part of the world; it is based on privately owned assets and businesses, and defined by the fact that it is the consumer who decides what products he/she needs.
An industrial society is how our society could have been defined up until a few decades ago, when information and its exchange started to gain more momentum and importance; however, industry is still the main basis of our world, and it ensures the survival of an increased population.
Rural development is very important from a social and economical point of view, especially in remote areas where people still live like hundreds of years ago, employing primitive farming methods and struggling to find drinking water, and where education is lacking.
The best sustainable development definition is to say that it is a type of human development where gathering the resources of human needs is done without disturbing the environment and its natural systems, so that these human needs can be satisfied for future generations as well.
In order for a region to prosper it requires a certain economic environment which needs to be regulated by the appropriate policy makers. This requires small taxes as well as funding for new businesses. Furthermore supporting local small business can help them develop which will eventually lead to more jobs.