Explain how the opportunity costs of negative environmental impact are high.
Opportunity cost is the cost that is foregone when we make a choice or a decision. If a piece of land is to be used for wheat production then the production of say, rice, is to be sacrificed. The loss of rice production is the opportunity cost of producing wheat. In the similar way, the cost of a negative environment is the opportunity cost of huge expenditure incurred on health and searching for new alternatives. This is explained elaborately in the following paragraph; When the resources are extracted at a more rapid pace than its regeneration, then we say that the carrying capacity of the environment reduces. In such a situation, the environment fails to perform its function of sustaining life, thereby, resulting in environmental crises. In other words, environmental crises are an aggregate outcome of excessive exploitation of natural resources and excessive generation of wastes. Therefore, there arises a need for exploration of new alternative eco-friendly resources to avoid an environmental crisis. Moreover, environmental crises lead to greater incidence of respiratory and water borne diseases, necessitating higher health expenditures and investments. The costs involved in searching new alternative resources together with the greater health expenditures constitute the opportunity costs of negative environmental impact. Such opportunity costs are very high and require voluminous financial commitments by the government. Therefore, the opportunity costs of negative environmental impact are high.
What are the functions of the environment?
Highlight any two serious adverse environmental consequences of development in India. India’s environmental problems pose a dichotomy — they are poverty induced and, at the same time, due to affluence in living standards — is this true?
Explain the supply-demand reversal of environmental resources.
What happens when the rate of resource extraction exceeds that of their regeneration?
India has abundant natural resources —substantiate the statement.
Give two instances of
(a) Overuse of environmental resources
(b) Misuse of environmental resources.
Is environmental crisis a recent phenomenon? If so, why?
Explain the relevance of intergenerational equity in the definition of sustainable development.
Identify six factors contributing to land degradation in India.
Two major environmental issues facing the world today are ____________ and _____________.
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
What are the two major sources of human capital in a country?
What do you mean by rural development? Bring out the key issues in rural development.
Define a plan?
Who is a worker?
Explain the term ‘infrastructure’.
Why are regional and economic groupings formed?
Why were reforms introduced in India?
Why calorie-based norm is not adequate to identify the poor?
Name some notable economists who estimated India’s per capita income during the colonial period?
While subsidies encourage farmers to use new technology, they are a huge burden on government finances. Discuss the usefulness of subsidies in the light of this fact.
Are the following workers — a beggar, a thief, a smuggler, a gambler? Why?
Compared to urban women, more rural women are found working. Why?
An establishment with four hired workers is known as (formal/informal) sector establishment.
Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.
Do you think outsourcing is good for India? Why are developed countries opposing it?
What is the Green Revolution? Why was it implemented and how did Does it benefit the farmers? Explain in brief.
Meena is a housewife. Besides taking care of household chores, she works in the cloth shop which is owned and operated by her husband. Can she be considered as a worker? Why?
Enlist some problems faced by farmers during the initial years of organic farming.
How do infrastructure facilities boost production?