Chapter 23: Economics, Environment, and Sustainability

Lead to environmental damage and should be phased out.

New and more innovative businesses.

Increased capacity to supply goods and services, requires increased production and consumption, requires more consumers.

Includes resources and services produced by the earth's natural processes, which support all economies and all life

Includes people's physical and mental talents that provide labor, organizational and management skills, and innovation

Includes people's physical and mental talents that provide labor, organizational and management skills, and innovation

Increased capacity to supply goods and services, requires increased production and consumption, requires more consumers

Improvement of living standards

View the earths natural capital as part of a human economic system

View human economic systems as subsystems of the biosphere, and believe that conventional economic growth will become unsustainable

Does not include indirect, external, or hidden costs

Includes estimated costs of harmful environmental and health effects of production

Lead to environmental damage and should be phased out

Deceptive practice and spin of environmentally harmful products as green

Control pollution and reduce environmental degradation

spend 0.7% of the national budget toward these goals

New and more innovative businesses

the government determines production and distribution

private individuals and companies determine production and distribution

view the earth's natural capital as a subset of a human economic system