1. Environment and the Economy
Pollution emissions can frequently be used to indicate the quality of the environment. ... So as income increases above a threshold individuals and society will want to spend a large share of their incomes on these goods, reducing the pollution per unit of output and perhaps even total pollution. ... The economic value can rise or vice versa, the pollution intensity can per unit value can fall. ... Firstly is that while pollution per unit of output may decrease, total pollution might still increase if the rate of growth of output is higher than the rate of decrease in pollution per unit of out...
- Word Count: 1513
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate