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It is when the private marginal benefits or costs are not equal to social marginal benefits cost. Therefore, result could be likely market failure.
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∙ 11y ago
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A major cause of environmental degradation in developing countries is?
poverty
What are the human activities that causes environmental degradation?
The main causes of environmental degradation are as follow; 1 Industrialization 2 Agricultural development 3 population growth 4 poverty 5 urbanization 6 Deforestation 7 transport development 8 market failure
What is the purpose of earth hour and why?
To conserve energy and draw the world’s attention to the cause of environmental degradation.
What cause market failure?
Market failure occurs when goods are not fairly distributed.
How do externalities cause market failure?
Externalities can cause market failure if the full social costs and social benefits of production and consumption are not taken into account.
Why study of environment more important than study of fish?
The current environmental degradation is the cause of fish's death =]
Do dams cause land degradation?
Yes, they do. Dams can cause huge environmental degradation: 1) disturb natural fluctuations in water source 2) water quality can be degraded 3) transport of sediment along the rive is disrupted 4) reservoirs can emit climate changing greenhouse gases http://wwf.panda.org/what_we_do/footprint/water/dams_initiative/problems/environmental/
How agricultural development cause environmental degradation?
Agricultural development can lead to environmental degradation through deforestation, soil erosion, water pollution from pesticides and fertilizers, and loss of biodiversity due to habitat destruction. Intensive farming practices can also deplete soil quality and contribute to climate change through greenhouse gas emissions.
Would Nuclear war help environmental degradation?
I should think nuclear war would cause all sorts of degradation. But one of the results would be contamination of the land with nuclear fall out which would be long lasting and affect generations to come.
Which is the least likely cause of a product's failure in the marketplace?
lack of market orientation of the seller
Earth hour is celebrated to create awareness of?
Earth hour is celebrated to create awareness of conserving energy and draw the world’s attention to the cause of environmental degradation.
What are the Condition under which market may fail to be ethically and economically efficient?
Let us define market failure to mean the inability of producers to supply a product at a price for which consumers are willing to pay. When the market is dealing in a good that is economically destructive and ethically bad. A failure of the Crystal Methamphetamine market would be good. Law enforcement could prevent production or delivery and thus cause market failure.
