environmental management (1 Viewer)

[lil malcolm]

Discuss a possible conflict between the goals of economic growth and the preservation of the natural environment. - (5 marks)

-unsure on what information to use.

 

[b00m]

you can bs shit like for eg If Australia wants to pursue further economic growth, it would reallocate more resources to the mining industry (since it has a comparative advantage in this industry)...... but by doing so, there are detrimental environmental consequences. Including...... _______________ (something) - Also known as negative externalities

or establishing a new factory somewhere ->pollution

 

[Toranilor]

Argue about the oppourtunity cost of the preservation of the environment. High govt regulation can slow industry, while a govt tax (like the ETS) could potentially contract the economy etc.

 

[Kwayera]

Better example is forestry and fishing industries.

 

[b00m]

Better example is forestry and fishing industries.

perhaps, but within the current economic climate; it'd be necessary to mention the mining industry

imo, also handy to specify the ETS and it's withdrawal from the Budget to instead pursue the objective of fiscal consolidation/balance

 

[Kwayera]

I was more thinking in terms of sustainable use of those industries = preservation of economic development thereof

 

[Deathless]

Use the market failure diagram