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EconomicsNewest Review: ... methods of keeping pollution, administrators of firms prefer regulation and environmental standards. There are several reasons for this. Firstly it requires less information than other methods such as taxation to work effectively. It can be easily depended on to achieve target. They are readily accepted politically because of the support from administrators and politicians. Also if a total ban is required, it is the easiest and most effective way to do so. However there is a disadvantage that company’s business objectives will take higher priority tha... more |
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by - written on 22/02/03
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The case for the imposition of environment standards Businesses want to make a profit therefore try to keep costs as low as possible. There are some costs, which clearly have to pay for, but there are others, which they can avoid. These are known as private costs and external costs. Private costs clearly have to be paid for by a business such as the running of the factory, office or shop. They are itemized in the accounts. However external costs are the costs neither the buyers nor the company pay for directly. For a business running a factory, this can be applied to which the pollutants it emits into the atmosphere. It’s a common case that businesses try ...
by tomdemaine - written on 12/07/01 (Useful, 58 readings)
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No not that type of model economics isn't that interesting but it's not a bad A-level for people who are interested in how the country works. I've done economics for a year now and have found it quite interesting certainly more so than some of my other subjects. The best reason to choose economics a level is that it is relatively easy. If you have a knowledge of the world around you then you should do well. I would recommend economics for anyone who is interested in the world but I hope you get a good teacher. The exams are easy when compared to other a levels and you should be able to get good grades. ...
by Sputnik_257 - written on 20/06/01 (Very useful, 176 readings)
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I've read Duncan's excellent opinion here so I'll try not to repeat too much of what he's said (although some repetition will be inevitable). I've just come to the end of two years of studying Economics at A Level, and thoroughly enjoyed it. This opinion is primarily aimed at those who are considering taking up the subject, either at this or another level. I have split the opinion into chunks under various headings, which will hopefully make it easier to skim through if you so wish. INTRODUCTION Economics is the study of human economic behaviour, and explains and predicts much of what goes on in the world around us. It is a ...



