Question

what are the economic advantages of recycling

Answer 1

The economic benefits of recycling are:

1) Product creation: Recycling while leads to much cheaper product creation. This will also help us reconsider how many times a material can be used so that we can easily predict the demand and supply of new or used materials. If there is efficient use of material in the economy, this would mean that there are chances of more growth in the company and thus more chances of economic growth.

2) Job creation: Recycling activites would require more of infrastructure being build, more people to be involved in the activity of recycling. This will lead to creation of more job opportunities in the economic, and is thus an economic benefit for the economy.

3) Cost saving: Companies these days bear huge cost of waste disposal. If there are increased recycling processes going on it will lead to more savings with the company and thus more consumption in the economy which in turn leads to increased economic growth.