Measures to Ensure Sustainability (Grade 12 NSC Matric Economics): Flashcards

Market, Intervention, Control, Measures, Agreements

Environment as shared resource leads to overexploitation

Society bears costs while company profits from production

Incorporating environmental costs into market prices

Taxes on goods/services causing environmental harm

Tradable licences allowing pollution up to a set limit

Quantity, quality, and social impact standards

Convention on International Trade in Endangered Species

Legally binding cuts to greenhouse gas emissions

Polluters should pay for environmental damage