1. How Should We Manage Our Natural Resources? An Analysis
The first problem to be addressed is deciding which type of management system to use for a particular type of resource. ... The main types of management systems that we should consider implementing include state-centered, community centered, market oriented, or a combination of any or all of these. ... This should lead to an efficient level of pollution, economically. ... However, if the polluter is not bearing all of the costs, an inefficient amount of pollution will be created, as is demonstrated in the graph below: Amount of pollution produced: The total cost is the combination ...
- Word Count: 1721
- Approx Pages: 7
- Grade Level: Undergraduate