UNIT 3 ASSIGNMENT SOLVE AN ECONOMIC AND SUSTAINABLE BUSINESS ISSUE Part 1A i. Create a list of 7-10 economic and sustainable issues in the business world (what causes negative externalities)? Pollution Deforestation Overfishing Global Warming Oil Spills Landfills / Incineration Overproduction of Merchandise Rapid Industrialization of Natural Habitats ii & iii & iv. v. Plastic Materials - Today, most products available on the market have at least one component made from plastic materials. This is because plastics are a strong, light, and easily shaped medium which makes it one of the most ideal materials for businesses. Plastic is widely used for packaging as it can withstand the harsh shipping process. Nevertheless, plastic is an inexpensive material. Most of the all plastic merchandise are made from leftover oil after the fuel is derived. With the help of cheap oil prices, plastic is subsidized and it reduces the production cost of business. Thus, we see plastic everywhere in our lives. …show more content…
During the process of incineration, the waste materials are converted into ash while producing gases and heat, which can be used to generate electricity. Among various methods of burning waste, incineration comes with several benefits. First of all, incineration reduces the mass of waste by approximately 95%, thus making it a better alternative in comparison to dumping into landfills, considering the current shortages of land. Also, when people are disposing of possibly life-threatening waste such as used medical materials, incineration is more beneficial as toxins can be destroyed with high temperature. Thus, incineration is a popular solution to treat waste materials especially in European Union countries such as Sweden and