• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Economics - Environmental warnings.

Extracts from this document...


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.


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.


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.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Economy & Economics essays

  1. The un-utopian issue

    In some ways, this virtually eliminates scarcity for that product since everyone gets the same shares of it. Therefore they can't demand for more. This system was widely used especially in the Second World War countries, at that era, and it proved to be an effective scarcity removal.

  2. Liberalization: where it has lead us and where it is headed

    prudential standards that occurs when the people who dispense the money don't bear the risk of its loss. Part of the money that my fund invests is my personal money. Although I am prepared to take risks with that money, I am only prepared to take what I regard as

  1. The economics of smoking

    While for many this has meant down trading from premium to middle-priced brands before the almost inevitable move to an economy or ultra-low price brand, for others a switch to roll-your-own (RYO) has been the answer. As such, while cigarette consumption appears to be in downward decline, falling from 79

  2. Biography of Adam Smith.

    Through trade agreements, corporate libertarians press governments to provide absolute protection for the intellectual property rights of corporations. Smith was strongly opposed to trade secrets as contrary to market principles and would have vigorously opposed governments enforcing a person or corporation's claim to the right to monopolize a lifesaving drug or device and to charge whatever the market would bear.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work