Question

How do the issues of recycling, fracking, water markets, or climate change affect public or private use of goods and services or a combination?

A). Describe the management of the goods or services involved. Does the fact that the issue deals with private or public aspects alter the type of techniques used in the management of the issue? Explain why there could be differences in the techniques based on private or public use of goods.

B). Are incentives used to persuade those creating or affected by the issue to alter their actions? If so, how are they used? If not, is there a potential for use of incentives? Explain.

C). Does the public/private aspect affect the ability to give incentives? Address the ability to give incentives in the use of public goods and services compared to private goods and services. Who has the authority to offer incentives in this case? Explain.

Guidelines for Submission: Your submission should be two to three pages in length (not including title and references pages) and should use double spacing, 12- point Times New Roman font, one-inch margins, and citations in APA format

Answer 1

Introduction:-

With rapid globalization and the world economy turning out to become one consolidated market place, the need for sustainable development and techniques that promote recycle of the goods used so as to get better results is extremely high.

With climate change being an aggressive narrative which is discussed in most global meets, each country now has the task, to ensure that the damage to the environment does not go out of hands so much so that development is negative in the context that future generations and their needs and wants are not met by.

For this, the essence of Social Responsibility and Sustainability are extremely important to be aware of the current trends so that countries can effectively manage themselves in a way that they promote balanced growth which does not hurt the society at large.

Case Specifics:-

Describe the management of the goods or services involved. Does the fact that the issue deals with private or public aspects alter the type of techniques used in the management of the issue? Explain why there could be differences in the techniques based on private or public use of goods.

The management of goods or services which affect the sustainability in terms of recyclability, climate change freckling or water markets is extremely important.

The main problem, with goods such as petrochemicals and those offered freely in the environment arise from their basic nature which tells us that these goods are limited and cannot be recycled.

Therefore, it is increasingly important for the governments to be able to tackle with this with both public and private goods. Public goods here refer to the goods that are used in general by all sections of the society example petrochemicals. The management of petrochemicals is extremely important since it largely effects the sustainable development goals of the society at large. Petrochemicals are the main cause for climate change and they have become so much so a part of everyone’s life that recyclability is not possible. The management of this good is hard since, the fact that they are used at a larger scale respectively.

On the other hand, the government finds it relatively easier to deal with private goods. These are not used for mass consumption but are relatively used though, combined private consumption is what leads to industry demand, and the same can still relatively be regulated in a better manner.

For example in some states, the use of air conditioners are heavily taxed in order to discourage use. In this sense, managing private goods is relatively easier than managing public ones due to the fact that a larger audience uses the same and is irreplaceable in the short run. But that said the government still uses taxes on petrochemical driven vehicles whereas e cars that run without their use are incentivized across most countries to create a balance.

Question B) Are incentives used to persuade those creating or affected by the issue to alter their actions? If so, how are they used? If not, is there a potential for use of incentives? Explain.

Indeed, incentives are used as a strategy across most governments to ensure that they do their bit to create a country that relies on sustainable methods and does not promote climate change. Over the years developed and in some cases even developing countries have developed strategies that help people in buying more products that do not rely on the use of traditional petrochemicals for an example.

These incentive strategies aim to provide higher value to the customers by tax reductions or in some cases direct incentives to purchases cars or vehicles which do not use petrochemicals but rather run on batteries which help reduce emissions. Products such as solar panels are also heavily incentivized to promote better recyclability of electricity since this is a free source and must be encouraged to ensure minimum damage.

C). Does the public/private aspect affect the ability to give incentives? Address the ability to give incentives in the use of public goods and services compared to private goods and services. Who has the authority to offer incentives in this case? Explain.

The ability of most governments to alter public and private goods is different. The government may easily increase the taxes on high end cars that consume more fuel than normal vehicles but may not be able to easily enhance the value of petrochemicals since the number of people that it effects is extremely high.

The ability of the government to grant incentives or charge taxes is relatively lower in case of public goods than private goods. The main reason for this is that public goods and their incentives cause higher expenses and are a major source of revenue generation for governments while on the other hand, private goods though important do not cause much expenditure to the government in general.

Please feel free to ask your doubts in the comments section

Introduction:-

With rapid globalization and the world economy turning out to become one consolidated market place, the need for sustainable development and techniques that promote recycle of the goods used so as to get better results is extremely high.

With climate change being an aggressive narrative which is discussed in most global meets, each country now has the task, to ensure that the damage to the environment does not go out of hands so much so that development is negative in the context that future generations and their needs and wants are not met by.

For this, the essence of Social Responsibility and Sustainability are extremely important to be aware of the current trends so that countries can effectively manage themselves in a way that they promote balanced growth which does not hurt the society at large.

Case Specifics:-

Describe the management of the goods or services involved. Does the fact that the issue deals with private or public aspects alter the type of techniques used in the management of the issue? Explain why there could be differences in the techniques based on private or public use of goods.

The management of goods or services which affect the sustainability in terms of recyclability, climate change freckling or water markets is extremely important.

The main problem, with goods such as petrochemicals and those offered freely in the environment arise from their basic nature which tells us that these goods are limited and cannot be recycled.

Therefore, it is increasingly important for the governments to be able to tackle with this with both public and private goods. Public goods here refer to the goods that are used in general by all sections of the society example petrochemicals. The management of petrochemicals is extremely important since it largely effects the sustainable development goals of the society at large. Petrochemicals are the main cause for climate change and they have become so much so a part of everyone’s life that recyclability is not possible. The management of this good is hard since, the fact that they are used at a larger scale respectively.

On the other hand, the government finds it relatively easier to deal with private goods. These are not used for mass consumption but are relatively used though, combined private consumption is what leads to industry demand, and the same can still relatively be regulated in a better manner.

For example in some states, the use of air conditioners are heavily taxed in order to discourage use. In this sense, managing private goods is relatively easier than managing public ones due to the fact that a larger audience uses the same and is irreplaceable in the short run. But that said the government still uses taxes on petrochemical driven vehicles whereas e cars that run without their use are incentivized across most countries to create a balance.

Question B) Are incentives used to persuade those creating or affected by the issue to alter their actions? If so, how are they used? If not, is there a potential for use of incentives? Explain.

Indeed, incentives are used as a strategy across most governments to ensure that they do their bit to create a country that relies on sustainable methods and does not promote climate change. Over the years developed and in some cases even developing countries have developed strategies that help people in buying more products that do not rely on the use of traditional petrochemicals for an example.

These incentive strategies aim to provide higher value to the customers by tax reductions or in some cases direct incentives to purchases cars or vehicles which do not use petrochemicals but rather run on batteries which help reduce emissions. Products such as solar panels are also heavily incentivized to promote better recyclability of electricity since this is a free source and must be encouraged to ensure minimum damage.

C). Does the public/private aspect affect the ability to give incentives? Address the ability to give incentives in the use of public goods and services compared to private goods and services. Who has the authority to offer incentives in this case? Explain.

The ability of most governments to alter public and private goods is different. The government may easily increase the taxes on high end cars that consume more fuel than normal vehicles but may not be able to easily enhance the value of petrochemicals since the number of people that it effects is extremely high.

The ability of the government to grant incentives or charge taxes is relatively lower in case of public goods than private goods. The main reason for this is that public goods and their incentives cause higher expenses and are a major source of revenue generation for governments while on the other hand, private goods though important do not cause much expenditure to the government in general.

Please feel free to ask your doubts in the comments section