In: Economics
Should the use of plastic shopping bags be banned? Explain using concepts in class. Review the pros and cons of banning the use of such bags. Can the Coase Theorem be used in this case (i.e., can a solution be reached between shoppers and supplies of plastic bags) or do you think the government should step in? If you believe the government should step in, what policy should it implement? What are the potential pros and cons of the policy?
The use of plastic bags was strictly avoided in the market. The
major arguments which argued that the pros of avoiding plastic bags
are single use, the finite resources like crude oil used as the raw
materials, pulverised plastic waste in the sea gets into the food
chain, the corn grown for the production of bio plastic reduce the
availability of land for food growing for animals and humans. On
the other hand, there are several arguments raised as the cons for
the implementation of the avoiding of plastic bags. They are this
plastic bag production will having a low cost of production only a
few chemicals were used for the production, the production required
a little energy and generates only few emissions, low weight, high
strength, it resist the water and chemicals, easy of process and
also fundamentally recyclable.
Government implemented several green energy projects to avoid the
use of plastic bags. This ban of plastic bags ensures that the
conventional plastic is never used. The overall plastic usages in
the society reduced through plastic less office, collecting
plastics from water bodies, using of plastics for roads surfaces,
recycling of plastics for better purposes etc. The government
implemented policies to reduce the usage of plastic bags in the
country mainly focused on the cost of reduction of the production
of this bags, the cost of this production also add with the
production cost, collecting tax for this type of bags to reduce its
use, the banning will increase the efficiency of the drainage
infrastructure, it also reduce the need of petroleum and decrease
the mosquitoes population. This will ensure the health of the
community as a whole. The major disadvantages of these policies are
the plastic bans manufacturers scale back and it upfront the cost
of shoppers.