Environmental Economics

Environmental Economics - Polluting reduces costs and...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
SCI Notes 1/27 Laposata Economics and the Environment Reducing Cost o Cost of Materials: Buy Cheaper materials – Difficult o Cost of Labor: Lay off workers and ^ productivity, relocate internationally, automation o Costs of Production Minimize cost of treating pollution, wastes Technology and Treatment o Producing goods and services: Causes environmental impacts, but cost-efficient means of controlling pollution exist o Paper Bleach pollutes waterways o Electricity Emissions cause acid rain, smog o Hog Farms Wastes pollutes waterways o So why do we still have pollution? Treating pollution costs money Releasing pollution does not o It’s just good business $$$$$$$$
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Polluting reduces costs and increases profit Profits and pollution o The Fallout: ^ Prices = Drop in sales Drop in profits = Drop in stock price o Personal Impact: Youre fired Stock options worthless Your familys ticked. Profits and the environment o The Main Idea Best business is to pollute Cuts costs, maximizes profits o The Problem: While company benefits by polluting, society suffers Common resources are polluted. Human Nature = Selfishness, so common resources will invariably be exploited to ruin unless something reins it in. ....
View Full Document

This note was uploaded on 06/16/2011 for the course SCI 1101 taught by Professor Jbrock during the Spring '07 term at Kennesaw.

Page1 / 2

Environmental Economics - Polluting reduces costs and...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online