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How do fossil fuels impact the economy?

Fossil fuels have a significant impact on the economy as they are a major source of energy for various industries. Fluctuations in fossil fuel prices can affect production costs, consumer prices, and overall economic growth. Additionally, the reliance on fossil fuels can lead to geopolitical tensions and environmental externalities that can further impact the economy.


Industrial reactions with a high atom economy are economically important because?

Atom economy is the percentage of the "wanted" product(s) in a reaction against all of the other calculated "waste" product(s). The formula for atom economy is as follows:A.E.% = mass of wanted product/total mass of products x 100Industrial reactions clearly use vast amounts of chemical reactants and therefore there is a large quantity of waste products. These large quantities of waste would have a high environmental impact and as a result much effort and energy is required to dispose of them in a "green" way this in turn costs. So those reactions with a low atom economy produce a high percentage of waste thus costing large sums to dispose of "correctly".However, there are many more economical factors than simply disposing of the waste products. From an industrial point of view the chemicals used as reactants are bought and thus with a low atom economy large quantities of product are wasted along with the money that could have be gained if these chemicals had reacted into the desired product.Therefore, industrial reactions with a high atom economy are economically important because, a high atom economy means a high amount of the desired product, as there is more of this, more can be sold generating a higher profit.


How can rich soil and a mild climate benefit the economy of a region?

because the economy gives you the money


What is the meaning of environmental economy?

Environmental economy refers to the study and management of economic activities that aim to protect and preserve the environment, while also promoting sustainable development. It involves evaluating the costs and benefits of environmental policies and practices, as well as integrating environmental considerations into decision-making processes to achieve both economic and environmental objectives.


How does the climate of Russia affect its people and economy?

The extreme climate of Russia, characterized by harsh winters and limited growing seasons, can impact agriculture, infrastructure, and health. It can lead to challenges such as higher heating costs, transportation disruptions, and seasonal affective disorder. Additionally, the climate can affect the economy by influencing industries such as energy production, agriculture, and tourism.

Related Questions

What economy are the greatest variety of goods available?

Market economy


George w carver had his greatest impact on the economy where?

northeast


Who had the greatest impact on the economy during washingtons presidency?

Alexander Hamilton was probably Washington's most important adviser on the economy.


The greatest problem with the cotton economy of the old south was the?

The loss of soil fertility.


What seems to have the greatest appeal for America car buyers today?

Fuel economy.


What invention had the greatest effect on GA's economy in the 1800s?

the steam boat was the most affective...


What has brought the greatest changes in the economy over the course of human history?

productive technology


What is the resource that makes one of the greatest contribution to new Zealand's economy?

dariy farming


The greatest weakness of the south during the civil war was its?

The North's greatest strength or resource during the Civil War was its industry.


What is the importance of tourism attractions?

For some cities and areas, tourism is the greatest part of the economy. Without the attractions that tourists visit, the economy would greatly suffer.


What is a definition of justice that links to utilitarianism?

The utilitarianism wanted the greatest happiness for the greatest number. This should be contained in laissez-faire economy. But the result was exploitation of many.


Which country has the GREATEST degree of a command economy out of Brazil Canada Cuba Mexico?

Cuba qualifies as such. It is a republic with a communist regime that has a command economy (i.e. centrally planned).