gcse economics - how we live - sustainability
The development and growth of an economy, without compromising or harming future generations.
SUSTAINABLE DEVELOPMENT includes
- Taking care of the environment
- Not using up non renewable resources
- Technological progress
- Treating workers fairly, particularly in developing countries.
ECONOMIC BEHAVIOUR WHICH MAY HARM SUSTAINABILITY
• Polluting the environment
• Greenhouse effect
• Child labour exploitation
• Using up natural resources in meeting the huge demands of today’s population
• Exploitation of labour in developing countries
It is important for the Government to take action against any business or economic activity which harms sustainability by creating social / external costs
EXAMPLES OF GOVERNMENT ACTION
• Bans on traffic in certain areas
• Increases on taxes on petrol
• Fines for firms who pollute the environment
• Subsidies to firms who produce in an environmentally friendly way
• A tax has to be paid by firms who dump waste
• Encouragement of public transport
• Minimum working ages in the UK
A How might a ban on traffic in an area help sustainability?
B What is meant by a subsidy?
C How might the excessive needs of today’s society harm sustainability?
D What policies have been introduced recently to support sustainability?
These GCSE Economics revision notes have been kindly provided by Peter Davies of Mill Hill School, Ripley
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