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how much pollution control estimated to increase the cost of production in the united states
Environmental economics views the real economy in which we all live and work as an open system. [ This means that in order to function, the economy must extract resources (raw material and fuel) from the environment, process these resources, and dispose of large amounts of dissipated and/or chemically transformed resources back into the environment. The process starts with the extraction of
resources, which can be exhaustible (fixed in overall quantity) or renewable ( resource grows through time). The process ends with the disposal of transformed resources which could pollute the environment. Pollution is waste that has been disposed off in the air, in water or on land, and that reduces the value of those resources in alternative uses. Resource depletion and environmental pollution are key factors in determining the natural capital of a nation and achieving sustainable development. Resource depletion and pollution reduction can be viewed as an economic problem. Environmental economics uses cost-benefit thinking to deal with environmental problems and issues. Benefits and damage assessments are used to integrate the un-priced but valuable functions of natural environments into cost-benefit analysis of real world projects, and to illustrate the kinds of economic damage done to national economics by resource depletions and pollution. In an ideal world all wastes that cannot be recycled would be outlawed. The costs of a pollution free society would be very high. The other extreme is to live in a society where there is no pollution control. The real world is somewhere in between these two extremes, i.e., it is necessary to achieve a balance between the social costs and social b of reducing pollution. ]
Expert answered|zaqueo|Points 70|
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Asked 6/6/2013 1:18:57 PM
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Added 12/18/2013 8:26:24 AM
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