...Business and society Overview Companies play an important role in society, impacting on communities and regions as well as individual employees. The concept of corporate social responsibility recognizes that businesses often voluntarily integrate social and environmental concerns into their business models. Issues of corporate governance come into play particularly in cases of company restructuring. The Foundation monitors developments through its European Restructuring Monitor. A quarterly analysis of trends and in-depth case studies are available in the ERM quarterly. Through their business operations, companies have an important impact on the natural environment. The corporate sector has found itself in the media spotlight for environmentally problematic activities. Small and medium-sized enterprises are also under increasing pressure to adopt environmentally responsible practices. Introduction Businesses interact with the wider society they are part of. Businesses are affected by society, for example in the kinds of goods and services they are expected to produce, and businesses affect society by their activities. It is a two-way process. See, for example this article on discrimination in the workplace: http://news.bbc.co.uk/1/hi/business/1605029.stm Some of the ways in which businesses affect society are negative, and usually governments limit these activities by law. For example, some business activities damage the environment. In addition, there are ethical constraints...
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...Assignment 2: Externalities ECO 405 Prof Bergan August 11, 2013 An externality is something that, while it does not monetarily affect the producer of a good, does influence the standard of living of society as a whole (Kelly, Krugman, & Robin, 2008 ).There are two types of externalities positive and negative both play important roles in our everyday living. When there is a cost of externality than that is considered negative and when there is a benefit of an externality it is considered a positive externality. Positive externality is defined as benefits that accrue to third parties not involved in an economic activity. These benefits can be passed on due to either the consumption or production of a commodity by society (Kelly, Krugman, & Robin, 2008 ). Negative externalities are costs that third parties have to bear when a good is consumed or produced. Environmental cleanup can be considered as positive externalities. When the environment is clean we all benefit as a society but do not increase profits for the company responsible for it. Likewise, research and new technological developments create gains on which the company responsible for them cannot fully capitalize. Another positive externality is education when people are getting a better education this is a benefit for the country as a whole as more foreign direct investments will flow into the country. This will definitely increase employment and income for people who can’t find a job. Immunizations, such...
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...other sciences that examine climate change, conservation principles, ground-waters, soil contamination, and noise pollution. It is clear to see environmental science covers a large spectrum and those who work in environmental science, generally specialize in one area such as waste management. How does the relationship between science and technology affect environmental problems and solutions in today’s society? Science and technology offers society a chance to look at issue in depth and come up with answer to those problems or areas of improvement. Since the industrial revolution science is the reason for making progress in society to include energy, and information and communication. Our society has greatly improved because of science and technology and it is no doubt that society has grown with the help of science and technology. Modes of transport benefit our society, and greatly help getting from point A to point B. The invention of the telephone and radio without a doubt has broadened human communication, and saved thousands of lives. Without science society would be stuck in the dark ages. For example the creation of computers is a huge milestone that has helped our society vastly and allows freedom to explore options at the click of a mouse. One can see it don’t take long to see how science and technology has made a serious impact on today’s society and many people around the world have taken the lead examining the relationship between science and technology...
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...Pollution is nothing but "too much of something at wrong place" and environmental pollution is generally defined as the unfavorable alternations of our surroundings through the various actions of man himself. The undesirable and excessive substances that are released As., the by-products of man's actions, can affect air, water and land and adversely and alter the natural quality of our environment. Substances that are responsible for the alternations of environment are called pollutants and the total chain of actions as "environmental pollution". Hence it is nobody else than man himself is the real cause of environmental pollution. Environmental pollution can be well understood if we study its sources and effects. There are pollutions of air, water, soil, noise and radioactive wastes. In our country Afghanistan we are challenged with every kind of pollution. Pollution is a big problem that is slowly destroying the world that we live in. It is vital for every individual to do what he or she can to clean up the environment. Whether it is in the home or on a government level, every person is important and has the ability to make a difference and help stop pollution. In the city where we Kabul many of our citizens are ill due to polluted air, water and environment. The first step you can take to stop pollution is to not litter. Throw the garbage into a trashcan instead of onto the sidewalk or the side of a road. Carry around a small bag with you and if you see a piece of litter on...
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...Doing anything, no matter how minor, harms the system that people live upon. Within his excerpt, Trippett argues that today more and more people are casually breaking minor laws and that this action is becoming a trend. He states that a crime does not need to be violent in order for it to shake the foundation that social order is built upon so that people will recognize that actions deemed minor have a profound impact. This creates a sense of wrongdoing for citizens that follow the laws or for citizens who unintentionally break these rules. These minor things must be enforced as to not have a profound affect on the social order. It can be argued that there is no need for these minor laws to be enforced. These laws should be removed as they...
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...stated, “Emissions tax is a tax that is charged depending on the amount of pollution a factory produces” (p.442). Factories are taxed on every unit of pollution produced. The benefit of charging an emission tax is you are giving the factory reason to reduce pollution. They are paying for or being taxed for every unit of pollution they produce. The factory can impose the tax on the consumer, which in turn will decrease supply. When prices are increased, the market quantity or quantity being produced is decreased. Emission tax will decrease the marginal social cost because less pollution will be released. That leaves less cost to the society to clean it up. The marginal social benefit on the other hand will increase because the marginal social cost is decreased. The marginal social benefit is increased because of the money that the society is saved from decrease in the marginal social cost. Therefore, creating the optimal level of pollution. Emissions tax helps to solve the problem of economic inefficiency by allowing factories to maximize profits and pollute at the most efficient level. One of the disadvantages of emissions tax is that it is difficult to determine the amount of tax that should be charged. If the tax charged is too low, not enough pollution will be eliminated. If the tax charged is too high, an efficient amount of pollution will be reduced. Some factories may be able to avoid...
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...the whole road. Just like the road of Beijing. According to BBC reports of Beijing air pollution. Air pollution in the Chinese capital Beijing has reached levels judged as hazardous to human health(Grammaticas.D 2013). The air tastes of coal dust and car fumes, two of the main sources of pollution, says a BBC correspondent. Economic growth has left air quality in many cities notoriously poor. Viewed this problem from economic point, air pollution can cause serious impact on economy development. For example, in 2008, Beijing spend a lot of sources to solve air pollution problem for host Olympics game. So there is a close relationship between environment and economy, the environment is an important factor for the society, they influence each other environment support social economic but when environment is damaged, then the economy will be impeded. That's kind of problem need to use externalities theory to explain. Externalities means when activity in a market affects individuals other than the buyers and sellers of the good. Externalities can be positive or negative, what happened in this image can be categorized into negative aspects. Why this problem occurs in the real world, based on book explanation, a negative externality occurs when an individual or firm making a decision does not have to pay the full cost of the decision. If a good has a negative externality, then the cost to society is greater than the cost consumer is paying for it. Since consumers make a decision based...
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...Draft essay Since the Second World War, development has increased rapidly. Modern societies hope to develop the standard of living through growth in economy and technology. However, development also has some negative impact on society. In addition, the negative impact of development is becoming more serious, especially in developing counties. In this essay, the term ‘the social cost of development’ refers to damage to society caused by activities aimed at achieving the goals of society. The concept of the ‘development’ is considered to include the development goals and all systems and legal measures used to achieve development. Further to this the concept that social cost is‘too high’ is considered to mean that too much damage is caused to society before it is possible to achieve the development goals. In view of the above this essay will argue that the social cost of development is too high. This will be demonstrated by analysing of the impact of the social cost of development on the environmental pollution and health. Developing countries will cost the environment to develop the economy. A major reason for this is that it is commonly that in older to solve the poverty, developing countries will cost the environment to develop the economy. Firstly, during economic growth, environmental degradation will increase. According to the result of research by Dinda, “When a country achieves a sufficiently high standard of living, people attach increasing value to environmental amenities”...
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...Environmental Fundamentals ENV/100 Environmental Fundamentals The fundamental principles of environmental science will be discussed in this paper and the definition of environmental science along with the elements and principles related to it will be addressed. The concept of environmental sustainability and the historic patterns surrounding will be describe, along with human values and how it affects the challenges in society. Examples of environmental hazards and how they affect the health of humans will also be provided. There are many environmental issues facing the world today. To try to understand how the natural world functions is not an easy concept to comprehend and definitely not an easy responsibility to put on society. This is why it is important to know and recognize the significance of environmental science. Environmental science is the interdisciplinary study of humanity’s relationship with other organisms and the nonliving physical environment. As human population continues to reproduce, as technology progresses and the wants and needs of humans multiply, society’s impacts on the world become harsher, despite the improvement in some areas. Environmental impacts can affect the health of humans and a human’s wellbeing. After reviewing research on the environment, environmental hazards directly affect human health. One major environmental hazard to human health is pesticides. These pesticides...
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...think this problem should be resolved. Pollution is becoming closer to put life on the verge of death. Pollution is the contamination of Earth’s environment with materials that interfere with human health, the quality of life, or the natural functioning of ecosystems. Even though some pollution across the whole world is caused by the forces of nature, the majority comes from every day human activities and advancement in technology. Human contamination of Earth can take many forms such as water pollution, air pollution, noise pollution, soil pollution, solid waste, and hazardous waste. These harmful actions have changed Earth, and they continue to do so today. Among them all, I believe that water pollution is most potent to life on Earth. Water pollution is the contamination of water bodies and any change in water quality that negatively affects any living organism. Water pollution is usually caused by human activities such as the removal of sewage, industrial wastes, and agricultural chemicals. Water pollution is also caused by atmospheric deposition, eutrophication, radioactive waste, and global warming. It affects plants and organisms living in these bodies of water. In almost all cases the effect is damaging not only to individual species and populations, including humans, but also to the natural biological communities and ecosystems. I believe that humans should effectively work on reducing water pollution because water covers approximately 70% of the...
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...Environmental Issues Faced by Business and Society Environmental issues are a big problem in modern society especially when big businesses take natural resources from the earth to keep up with demands and dispose of waste which in turn damages the environment in the process. As societies grow so does the demand for natural resources. Environmental issues that business face include water pollution, air pollution, the use and degradation of natural resources, and global warming. All these factors have pressured businesses to adopt and abide by good social ethical behavior and develop alternative resources without endangering the welfare of the society. Environmental Issues Faced by Business and Society Is it wrong to intrude into ecosystems and harm living organisms? That seems doubtful given how unrealistic it is. It’s almost impossible to do no harm to ecosystems in business because we need the earth’s resources to conduct business and sell products, and many companies have no choice but to dispose of waste and pollute one way or another. Businesses have traditionally shown no regard towards the environment and the societies in which it operated. Environmental protection was rarely seen as an issue and people thought that the world’s resources could be taken without end and without any harm done. Pollution could damage the environment, but the damage done was considered to be insignificant because the world was seen...
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...place they afford to live is next to factories. And they are paying the cost in their health. I’ve heard many stories about pollution issues in Richmond, and I always wonder why these residents decided to live there at the first place and why they still live there. I learned from the article the reason was much more historical than that I thought. People started to move to Richmond before WWII. There was racism and people in color especially African Americans could not live in certain neighborhoods. Simply they did not have a choice. Also from this article I saw that because Richmond is such a poor neighborhood, it seems like the society even don’t care about the fact so many residents are suffering from pollutions. After some toxic air pollution incident, no one came to check up on their health. It looks to me that the society don’t value the residents’ life or health. In addition, this article reminds me of the news report that I’ve read a while ago. It said that it’s very expensive for factories to reduce pollutions so large corporations chose to pay fines to the government instead of solving these issues. I understand businesses are always looking for ways to reduce expenses, but these unethical behaviors of corporations need to be stopped. And I didn’t see the companies in Richmond are reaching out to help these people who are suffering from toxic pollution from their factories. 2. How does it relate to one or more environmental health issues? This directly relates to...
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...“E atma Gandhi, Good Reads). This quote applies to today’s world almost everywhere, as destruction for one’s own needs continue regularly. Furthermore, right now almost everyone is inhaling gases they do not need that contribute over 5.5 million deaths worldwide every year; from the 5.5, 1.6 million deaths are caused in China and roughly 1.3 million in India—because air pollution (Amos). Air pollution is one of the major factors causing death worldwide. Environmental justice occurs it everyone has the right to live in a healthy environment, while having access to enough environmental resources for a healthy life. However, today is the contrary. Poor people have minimal access to the resources in comparison to the rich and/or middle class people and those who do have it don’t care for the resources which...
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...Hillary Ogutu Honors Environmental Mr. Sup October 3, 20113 Water Pollution All around the world countries are fighting to keep their water clean. Whether it’s streams, rivers, lakes, or the oceans, countries have taken greater measures to maintain a high quality of water for both human consumption and as a key component to the environment. We deal with the pollution problems and then decide on ways to clean it up. This valuable resource is the key to survival; both plants and animals depend on water for their growth so it must be kept clean. The major contributors to water pollution can be classified into two categories, industrial and agricultural. What is water pollution? “It is any chemical, physical or biological change in the quality of water that has a harmful effect on any living thing that drinks uses or lives in it. “ Water covers up 70% of the Earth’s surface and makes up over 60% of the human body. Water pollution affects marine, ecosystems, wildlife health and human well being. Some of the major contributors that lead to water pollution come from industrial and agricultural. Industry is the highest source of pollution in the United States, causing for more than half of the volume of all the water pollution and also for the most deadly pollutants. Many of the industrial facilities use freshwater to carry away waste from the plant and into rivers, lakes and oceans. The industrial contains pollutants like asbestos, phosphates, mercury...
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...problematic. Fishermen would lose their jobs, resulting in a reduction of food sources. This can also jeopardize water source. It is necessary that resources are protected at all cost. Furthermore, it is a viable asset to growing and developing the economy. If subject to contamination it can damage the goods produced. The cause of pollution can have an effect on resources such as water and air. This decreases the value and makes them less valuable to us and increases our cost to produce goods. Pollution has become an increasingly important issue that can have an effect on every living being. Pollution can be defined, as “waste disposed off into air, water and land which reduce the value of those resources in alternative uses. For example, if someone dumps waste such as aluminum cans, trash, or any other types of chemical products into river then, the value of the river is reduced to those who depend on that river for drinking water, fishing and animal survival or reproduction. Humans and natures animals depend on clean water to stay alive. The problem of pollution comes from producers and consumers using the environment as a dumping ground. Pollution is a major problem that needs serious attention. If the problem is ignored it will cause harm to the environment but it will also cause damage to natural resource. There have been organizations created in order to help combat these issues. The Environmental Protection Agency (EPA) has been trying to...
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