In: Economics
Explain why total elimination of environmental pollution (say air pollution or water pollution) would be ideal,
but economically not optimal. Use a MD and MAC graphs and hypothetical number
The elimination of environment pollution and water pollution is ideal. the marginal benefit of the decreasing pollution is grater than the marginal cost. Pollution has adverse environmental impacts in the future. the various types of pollutions are visual pollution, air pollution, soil contamination,noise pollution. The primary source of pollution is burning of coal wood etc. when the industrial enterprise releases the chemical it ultimately lead to air pollution. on the other hand water pollution is happened when the selvage water from industries are dumped into the water. The ground water pollution is the major cause for economical issues. The pollution incurs cost such as clean up cost and health cost. Manufacturing activity which causes the pollution is an example of negative externality.
firms may sometime forced by regulation for decreasing the pollution. If more individuals suffers from the loss of welfare externa;l cost occurs. this occurs when the customers derive thew utility for services or goods that are manufactured by an industry. pollution are both man made and naturally occurred. the rapid industrialization resulted in air , land and water pollution. These pollutions ultimately lead to health issues. one third of the total death that happens is because of the polluted surroundings. Pollutions causes the diseases like lung cancer, stroke, etc. air pollution is related directly with the climate change. there is indoor and outdoor air pollution. Pollutions negatively effects everyone irrespective of their age and immunity.
According to the world health organofaction 7 million death is occurred occurred of air pollution. Water pollution take place in ocean, lake, river. The water is considered to be universal solvent and it is uniquely vulnerable to th pollution. The surface water pollution caused by eliminating the chemicals will create high social risk. chemical may occur from because nonprofit point nada.