Question

In: Economics

1. What do you think about our current production and consumption patterns? How does a product's...

1. What do you think about our current production and consumption patterns? How does a product's life-cycle influence sustainability?

2. How might continued economic growth (in terms of increased GDP) impact the planet? Are there viable alternatives (e.g., GPI, green consumerism, de-growth, circular economy) to this trajectory? What might be the role of innovation and technology in achieving economic sustainability?

please no handwriting

Solutions

Expert Solution

1. Current Consumption and production process leads to the direct creation of environmental pressures from the use of products and services, for example, through driving a car or heating a house with fossil lifecycle sustainability is an approach to managing the stages of a product's existence so that any negative impact on the environment is minimized.

For example, if materials are chosen with an eye to reuse, that will increase the sustainability of the practices at the end of the product's usable life.

2.Economic growth means an increase in real output (real GDP). The environmental impact of economic growth includes the increasedconsumption of non-renewable resources, higher levels of pollution, global warming and the potential loss of environmental habitats. Yes, there viable alternatives (e.g., GPI, green consumerism, de-growth, circular economy) to this trajectory. Innovation and diffusion of new technologies are indispensable for economic growth. They lead to increased productivity and to the creation of wealth and economic well-being, including decent and green jobs. This is essential for creating an enabling environment for inclusive and sustainable economic growth.


Related Solutions

1. What do you think about our current production and consumption patterns? How does a product's...
1. What do you think about our current production and consumption patterns? How does a product's life-cycle influence sustainability? 2. What might be the role of innovation and technology in achieving economic sustainability? please no handwriting
what do you think about our current progressive tax? Would the US be better off with...
what do you think about our current progressive tax? Would the US be better off with a flat tax system?
What do you think is the best / ideal form of taxation? How does the current...
What do you think is the best / ideal form of taxation? How does the current system in the US measure up to what you think the ideal system should be.
What does an FNP do? Think about how you will capture and convey the richness that...
What does an FNP do? Think about how you will capture and convey the richness that is nursing science and health IT in your answer. (Minimum 1 word, maximum 500 words. Once submitted, your response cannot be edited. This response will be posted on a public discussion wall for all your classmates to view.)
what do you think about mutinational companies, good or bad for our economy?
what do you think about mutinational companies, good or bad for our economy?
2. Based on our discussion in class, what do you think about the ability for a...
2. Based on our discussion in class, what do you think about the ability for a corporation to bankrupt themselves in they are unable to pay their debts
What do you think about the argument that a broad-based consumption tax can be viewed as...
What do you think about the argument that a broad-based consumption tax can be viewed as an income tax plus a deduction for a net saving.
What do you think about arbitration? Does it protect the interest of the litigants? What about...
What do you think about arbitration? Does it protect the interest of the litigants? What about the fact that the dominant party usually selects which person or entity that will be the arbitrator? Look at the King County rules and locate the rules for arbitration. Do you agree that the court should force parties to mandatory arbitration?
What do you think about Erikson's theory in regards to Adolescence? How do you think it...
What do you think about Erikson's theory in regards to Adolescence? How do you think it is connected to the three different areas of development (Physical, Cognitive, and Emotional/Social) during this period? please explainn
How do you think about this argument? I think the EMH does hold in the stock...
How do you think about this argument? I think the EMH does hold in the stock market in the long run. However, in the short run I am not sure how much the EMH holds up. I believe that mispricing can occur in the short run. The EMH can be challenged with the ideas of momentum investing, behavioral finance, and fundamental analysis. In a truly efficient market, there should be no serial correlation among stock prices, but momentum investors would...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT