Question

In: Operations Management

It has become a common belief that economic growth contributes to environmental problems. How can businesses...

It has become a common belief that economic growth contributes to environmental problems. How can businesses practice environmental protection and experience economic growth at the same time? Is continued government regulation over business practices necessary to protect the environment or are businesses becoming more “environmentally friendly” on their own?

Solutions

Expert Solution

A Thumbs Up! Would be really helpful for me. If you have any questions, please leave a comment and I will get back to you as soon as possible.

Here I'm going to present my views over the common belief that economic growth contributes to environmental problems and if the government should continue the regulation of the business practices to protect the environment and to make sure that businesses are becoming more environmentally friendly on their own.

business is part of society therefore it is the social and moral responsibility of the business to contribute towards the society and the environment as business uses the resources of society and the environment. it is really important not just for the business and for everybody else to protect our environment and we should not harm the environment in any sort of manner. The environment also plays a very important role when it comes to business enterprises as many of the resources that business enterprises access is from the environment.

yes, it is a truth that more of the economic growth contributes to the environmental problems as the business organization and the business enterprises are using the environmental resources up to a very extent and unnecessarily. There is a great wastage of environmental resources and in which there are many nonrenewable resources that cannot be obtained easily and there is a great scarcity of those resources. If this would continue like this there would be a time when the future generation would not be able to access any of these resources and that would be horrible to imagine.

There are several business practices that can be e used to protect the environment and increase the economic growth at the same time such as:- ban of plastic bags and using more of jute paper bags, using 3Rs that are recycling, reducing, reusing, there should be e ban on meeting toxins into rivers and oceans. there should be proper rules and regulations for not harming the environment such as they shouldn't be excess wastage of water and there shouldn't be cutting of trees.

Yes, it is really important that government regulation should be continued over the business practices to protect the environment because without the rules and regulations the companies and the industries would not stop polluting and harming the environment. the government regulations are really important to keep a check over these industries and companies.


Related Solutions

How can the government promote economic growth, healthy living, and environmental protection?
How can the government promote economic growth, healthy living, and environmental protection?
What is the function of money? Discuss how money contributes to economic growth and\or development? If...
What is the function of money? Discuss how money contributes to economic growth and\or development? If there is no money will society find a way to exchange goods and services without it? Explain.
how does gobalization impacts the environment? how inpacts environmental protection and economic growth?
how does gobalization impacts the environment? how inpacts environmental protection and economic growth?
An independent report has predicted that economic growth in the UK will slow and even become...
An independent report has predicted that economic growth in the UK will slow and even become negative by the third quarter of 2020, resulting in high unemployment levels and lower investment within the UK economy. Higher oil prices are also predicted which will have a knock-on effect of a general and persistent increase in prices (inflation). The report has urged the UK government to engage more with non-European markets which it says will result in more trade, more foreign investment...
Is it trade deficit or trade surplus that contributes more to economic growth? Why? What are...
Is it trade deficit or trade surplus that contributes more to economic growth? Why? What are the factors that increase and decrease the demand for a foreign currency? What are the impacts of currency devaluation and revaluation on international trade? What is currency war? How does it affect trade between countries?
What is microfinance, and how can it contribute to economic growth?
What is microfinance, and how can it contribute to economic growth?
How can poor countries achieve economic growth?
How can poor countries achieve economic growth?
3. How can a country experience economic growth?
3. How can a country experience economic growth?
What is Economic growth? Explain in detail how education can determine economic growth. Explain in detail...
What is Economic growth? Explain in detail how education can determine economic growth. Explain in detail how savings and investments can determine economic growth.
The u.s government should or should not reduce environment regulations to promote economic growth. how environmental...
The u.s government should or should not reduce environment regulations to promote economic growth. how environmental regulation stimulating technological innovation ? how does environmental regulations benefit the companies ? how does " green economy " created more jobs nowadays ? how does  environmental regulations and technological innovation be complementary ?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT