Over the past decades, individuals and businesses made and continue to make choices to have a better life or business. To accomplish their goals, the science of making choices known in the business world as Economics is used. In this paper, an article dealing with the tradeoffs concept of economics will be presented using the Going Green (Green) movement. There are four major points mentioned in the article regarding the green movement and what it takes to work: consumers view on conserving resources is changed by the market, consumers show interest in participating, and businesses are on board. Along with these four points of the green movement, two economic concepts of supply and demand and costs of production are also. The Green movement began with the idea of using less to limit waste and extend the quantity of a product or life of a service.
Economics or the science of choice is a strategy generated to place the world on the road to recovery from recession. Consumers view on conserving resources is changed by the market clearly stated is advertising companies have changed their marketing strategies on helping consumers conserve resources to build the economy. The next point, consumers show interest in participating by using electricity, fuel and water in moderation. Points three and four represent businesses getting on board with the green movement and researching to decide what consumers and suppliers value when buying and selling products. This paper focus is on the principle of tradeoffs businesses encounter to be successful.
Society decides on employment for communities and who will be required to successfully get the job completed. According to the article, Going Green Is Good for the Economy, David Leonhardt stated, “I...
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...product or service being provided. I agree with the author; it’s not easy being green.
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With the rapid growth of our global population pouring into the next millennium, we will witness an ever-growing hunger rate around the world. That is unless we call for a revolution on the global scale. The Green Revolution which already sprouted in the early part of the century only need to add a bit more momentum and we will see a bright future for the human race, a future without hunger and starvation ¡V hopefully.It is becoming increasingly difficult for the planet to support its overwhelming population. And since the amount of arable land available is becoming scarce, we must seek ways to dramatically improve crop yields of existing cropland.
Consumers are usually led by “the more, the better” way of thinking. Striving toward satisfying that principle has led to the kind of consumer community we are today. We have become a society with an ever-growing rate of consumption and disposal of used products. By decreasing the demand for various kinds of goods that are not of the vital necessity, we might actually do good for the society as a whole. By reducing waste, we are preserving the environment.
STATE THESIS & MAIN POINTS: I’m going to persuade you that going green is one solution you could do to help improve the environment by first explaining the problem, then by explaining the factors responsible for pollution, and lastly by listing ways that can help solve this problem.
The Green Deal is a policy launched by the Department of for Energy and Climate Change in the United Kingdom that aims to take a large step towards greater energy efficiency. This measure was initially discussed in 2011 but officially launched in June of 2012. The United Kingdom has an energy consumption rate of nearly 3000 kgoe per annum, which is reasonably high (See Appendix 1). The deal ultimately provides consumers with energy efficient techniques that would cost less than standard equipment in the long term. The Green Deal encourages consumers to do this as it provides them with loans, which can be paid back through the energy bills (Richards). Using energy inefficiently is a negative externality as the activity of energy wastage imposes costs on society, as there is a shortage of nonrenewable energy. There is a high social cost, as the private cost is high as energy wastage is inefficient and external costs include the cost to society by making energy scarce. This also eventually is the path to sustainable development, which is one of the macroeconomic objectives of every economy (Pettinger). At the end of this analysis, this report will directly address the research question to make a concluding statement, “To what extent was the UK government successful in reducing the externality of energy consumption in the United Kingdom through the Green Deal?” The government of the United Kingdom believed this measure would be effective in reducing the externality of energy consumption.
With the development of the science and technology, more and more people are going for healthy and green products. According to this situation, there are many companies claim their products are “green”. However, there are thousands of so-called “green” products, but not all of them live up to their claims, a considerable part of products not only damage the human’s body, but also pollute the environment. People called these companies “greenwashing”. Greenwashing refers to the practice of deceiving consumers into believing that a company is practicing environmentally friendly policies and procedures. Seems like anything and everything has “gone green” these days. Such as airlines, car companies, retailers, restaurants, even networks and stadiums. Thankfully, more often than not, that’s a good thing. It is only bad if it is greenwashing — that is bad for the environment and consumers, because of businesses doing the greenwashing.
What is the socially optimum level of production keeping in mind the environment? How should it be achieved? It is at this point that the great economic minds of out time begin to take up arms. Michael Porter, a Professor of Business at the Harvard Business School claims that environmental regulation of businesses will actually give the businesses a competitive advantage over their counterparts in nations with less stringent regulation because it forces them to innovate. Porter claims that by changing their production processes, the businesses will actually lower their production costs (Porter, 97).
Humans have been destroying the planet since we were able to stand on two legs. As a society, we need to work to reverse these terrible effects that our existence has on the planet. Sustainability is one way to begin reversing these effects, while still living our daily lives. In 2006, Al Gore presented his documentary, “ An Inconvenient Truth”, as a way to show the world the evidence behind global warming, climate change and the destruction of our planet. This documentary shocked the world. It was clear that changes needed to be made, but the destruction was more intense than previously thought. SInce this revelation in 2006, companies have tried to cut down on their greenhouse emissions, as well as offered sustainable products to their customers. Through a debate of morals and
O'Sullivan, A., & Sheffrin, S. (2005). Economics. Upper Saddle River, New Jersey: Pearson Prentice Hall.
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Today the consumerism plays an extremely important role in contemporary societies; consumerism has carried a part of the planet to the edge of Ecological, social and economic abyss, and every day becomes more evident. But naturally, it goes against a process that has become common in the daily life of people, The consumers need to advise about nature of the products, the value and the consequences of the consumption of certain products in the environment. One of the most creative ways to solve this problem is to minimize consumption of newly manufactured products, either by buying items with a longer shelf life or buying used items, new resources are not used in the manufacturing and industrial pollution and carbon dioxide will be lower. We can Recycling and reusing, also make reasonable use of natural resources, energy, and water, this contribute to the mitigation of climate impacts, will require manufacturers to use more sustainable technologies.
The Green movement began in the Western World during the 1970’s around the time of the Vietnam War. The green movement is a social movement regarding concerns for environmental conservation and improvements to the current health of the environment. The Green movement also promotes the conservation, restoration, and the overall improvement of our environment. Many people disagree with the green movement and its values because they don’t see the immediate benefits from them. However, supporting the green movement by recycling, researching alternative energy sources, and mandating eco-friendly laws will lead to a better, greener, country.
Hubbard, R. G., Garnett, A., Lewis, P., & O’Brien, A. P. (2010). Essentials of economics.