Question pollution permits are said to be a market-oriented, Ask an Expert

Economics

Question: Pollution permits are said to be a "market-oriented" strategy for solving environmental problems. What is meant by characterizing a strategy as market-oriented?

1. The strategy relies on rigorous enforcement of laws, including jail terms for those corporate officials who violate them

2. The strategy seeks to mobilize public pressure to force polluting companies to change their ways

3. The strategy relies on corporate executives' own sense of responsibility to future generations

4. The strategy creates economic incentives that will have a positive impact on corporate behavior

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92597885

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