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• Discuss the problem - for example
o The source - a company? Government? Person(s)?
o The extent - of the problem? Of the damage? Potential damage?
o The known short term and long-term effects of the environmental problem?
o Expectations or forecasts of "unknown" damage?

• Discuss any government intervention - for example
o How and why did government get involved?
o What government agency? Why this one?
o If not direct government intervention, what, if any, litigation ensued?
o Who were the parties to this litigation? Why?
o What were the outcomes?
- Of government agency intervention?
- Of the litigation?

• If the government did not/ has not intervened if there has not been any litigation regarding the problem, discuss why?
o What has been the outcome of this lack of government intervention?
o Can it be argued that the market will take care of the problem? If so, how?

- Through the company? Citizens? Customers?

o If neither government nor the market resolves this problem, what are the forecasted outcomes?

Microeconomics, Economics

  • Category:- Microeconomics
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