Check out the following article regarding pollution controls: http://www.econlib

Question

Check out the following article regarding pollution controls:

http://www.econlib.org/library/Enc/PollutionControls.html

Consider the following:

How much pollution do we get in the absence of pollution controls in the private marketplace? Why?

How does the government decide on the amount of pollution to allow?

What are the potential costs and benefits associated with the regulation of pollution?

What are the potential problems associated with employing outright regulation to deal with pollution?

Follow up:
Consider the end section of the article discussing market based approaches to controlling pollution:

What are the more market based options for dealing with pollution?

What do you think about the authors support of a more market-based approach to pollution?

Explanation / Answer

Market places are a source of pollution since there are SPM (suspended particulate matter), dust particles, noise pollution, gases from vehicles and chimneys. Pollution board has fixed the ratio but still it is not met.

Ans. Government takes sample from the place and send the pollution causing agents like dust samples, soil samples etc. to the lab. From there they decide whether the place is in control or not.

Ans. Pollution should be controlled so that the society would be neat and clean to preserve the health of the common people. The potential cost is high in maintaining a city clean but it is the duty of the people to obey the rules and discipline to maintain the regulation of pollution. Though the intial costs are high but there are many benefits.

Ans. There are many problems

Initial costs are high

People should be disciplined.

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