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Economics - Environmental warnings.

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Introduction

Economics Conference David Smith - Environment * Environmental warnings * Externalities * Business and the environment * Markets and the environment There is a limit to economic growth, as discussed in unit 2, this is because the world is running out of resources and there is a limit to how long they can last. But, the environment has improved a great deal from 50 years ago; then, there would have been smog clouds over London. Another big factor is, global warming. The hottest years have been in the last century. 1998,2002,2001,1997,1995,1990,1999,1991,2000 have been the warmest years in order and it is expected that 2003 will be the hottest year on record. An externality, this is 3rd party effects from consumption, it effect other people who aren't producing it, e.g. a polluting factory will effect the whole area around it, also fireworks, people get to see them for free (positive side) but people may not like the noise of them (negative side) ...read more.

Middle

Control and targets * Control targets provide uniformly * More control, more taxes * Is health a particular issue? Pensions * What level should these be on current benefits, it will reach 13% * This will be paid by current workers at the time whether out of profits or taxes * But, there is a choice, either be poor while working in able to retire at 60, or be richer while working, but have to work longer. * Our issue Ken Clark - Economy, how well is it really going? It isn't doing as well as it could be or as it is stated, the UK have a problem, compared to foreign economies that only have a slight problem with their economy. The UK's economy in the past couple of years has been increasing below the trend growth, and it has only grown in the past 20yeras with low interest rates. With consumer demand comes consumer debt. This is because households have seen a reduction in income but an increase in consumption, this is because many people think that they can take out a loan etc. ...read more.

Conclusion

Tony Benn - 3rd Way * The way which a society sees the economy * People always say that it is unfair e.g. people with no money complain about not receiving enough benefits etc. * Peasant farmers used to work freely, and then government came along and took over, and told them to get jobs in the city working in factories etc. * Poor conditions in these factories lead to a trade union being set up, they complained about the conditions (collective bargaining) * After this collective bargaining they were given to vote, which made the workers feel better off. With the vote, they could choose who they wanted in, they started to receive many things e.g. municipal hospitals, schools etc. * During the war everyone pulled together to fight, they had to produce guns, tanks etc. * After the war they said that they couldn't allow things to be built with question e.g. housing * The government allowed the public services to grow and develop after the war, but there was a fear of counter revolution against public democracy ...read more.

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