- The concept that indicates development allowing all future generations to have a potential average quality of life at least as high as that of the current generation is **Sustainable Development**.
- Sustainable development is a holistic approach that seeks to meet the needs of the present generation without compromising the ability of future generations to meet their own needs. It encompasses economic, social, and environmental aspects and strives for a balanced and lasting improvement in the overall quality of life.
So, the correct option is: (1) Sustainable Development.