Societal Chore For An Eco-Friendly

Climate change has affected the economy all over the world. Climate change has resulted in green house effects, rising of the sea levels. The economic agents should pay full responsibly for their actions externalities that wouldn’t cause the environmental problems that occur. Public goods like ‘beautiful scenery’ clean water and forests are often ‘abused’ as a result, to control the use of them social ownership and private ownership is introduced, private ownership of exhaustible resources mean the costs; that the owners of these resources will charge others for using them, the owners would ‘take care’ of these resources from fear of losing revenue.

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Tue, 12/04/2011 - 14:57