Question

Do new polluting facilities affect housing values and income levels in a local economy? Research one new facility that has entered into a market and estimate how housing values and income levels have been affected. In your answer, make sure to evaluate the implications for the stakeholders involved and the incentives of creating the new facility for both the local economy and citizens. Also, make sure to provide the link and the research you have found concerning the polluting facility and the overall impact on the market

Answer 1

Pollution is a very serious concern of our country. As time is passing polluting means are also increasing .Manufacturing firms,vehicles etc increases air pollution. Impact on environment due to air ,water and soil pollution caused by leakage and outflow of hazardous chemical substances .Due to pollution level of income are also getting reduced. For protecting oneself from the hazardous chemical substances everyone is taking some step like buying machines and other things through which pollution get decreased in home.These machines are expensive and no everyone can afford it. Companies who are producing these machines are getting good response because this is a positive step towards protection from pollution. Many people's got breathing problems due to increasing pollutions and got asthmatic .Last year In Delhi due to heavy fire crackers pollution was at its peak level. So shareholders of this type of companies who are thinking about saving oneself from pollution are also very happy and their share value had also increased ,through which other companies also had taken this type of initiatives for protecting people's from these bad pollutants surrounding everywhere.So overall market is getting good response for this type of initiatives through which we are fighting against pollution.