CAS GE 100 Lecture Notes - Lecture 10: Gibbs Free Energy, Persistent Organic Pollutant, Ore
17 Mar 2016
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Document Summary
Gnp, most widely used index of a society"s economic well-being. The linear view- working labor and capital- firms, firms - goods, services, and incomes- households, households- taxes working labor- governments- governments- income and services- households, firms- taxes, goods, and services - government, government- -firms. What happens outside in the natural environment is going to affect what happens inside the economy. The market does not signal these connection very well- this leads to distortions on how we should be consuming goods and services- the market does not reflect these challenges. Technology- a recipe by different combinations of factors of production to perform a particular good or service. Providing a habitable environment- water cleansing - all processes that make life possible on the planet, all the services provided to make life possible. The production of goods, services, and wastes- the economy (third step in process) Waste assimilation- by the natural environment- solid waste, atmospheric wastes.
