Question

In: Economics

Describe the Pollution control policy and the equi-marginal principle

Describe the Pollution control policy and the equi-marginal principle

Solutions

Expert Solution

Pollution control policy:-

  • Pollution control policy is the procedure of reducing the release of pollutants into the environment.
  • In 1990 , congress passed the Act of pollution control.
  • Which depicts the environmental protection agency must develop a reduction program.
  • Which collects and spread information.
  • Providing financial support to states and appliances and other activities
  • The US generates millions of pollution and spend billions for controlling pollution.
  • The occasion for the reduction source are not perceived.
  • Because of the regulations and the industrial resources they require,
  • Which target on disposal,treatment and other source reduction.
  • Source reduction is more prudent than waste management and pollution control.
  • The pollution control reduces the hazards to public health and environment
  • Which are affected with the release of pollutants.
  • Under this. Pollution control Act treatment, recycling recovery are not included in the pollution control.

Equi marginal principle:-

  • It tells the behaviour of a customer in disposing his income among goods and services.
  • In order to obtain greater satisfaction.
  • This principle can be registered in the quarters of management.
  • It is also used in budgeting
  • The principle of equi marginal principle indicates that available resources should be allocated between the marginal productivity gains from the various activities.

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