M5 Discussion Topic: The Current Economic Environment (Research Paper Sample)

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When it comes to higher price levels, people and the society at large do care about the environment as price levels tend to drift up through time and goods tend to inflate as years pass by. Above all it will be difficult in the current economic environment to raise prices of goods. Whenever customers are sensitive to price changes the consumers get affected by inflation. Recycling is always an economic necessity it does work as companies that take recycling into consideration makes the company think of better ways of managing material. If done in the right way recycling does save energy and raw materials hence reducing pollution. There are various organizations and people whom at least embrace tree hugging once a year in order to prevent them from being fell by the contractors. An example is the Chipko movement of 1970’s.
Developing nations are concerned about the environment as improving their economic status improves their living standards, equality, and sustainability differentiating them from the developed countries. People are reluctant in paying taxes because there is an enormous amount of waste in the government’s spending on tax as people disagree on the things the government spends their tax money on. On the other hand some citizens feel it’s their hard earned money and they should be the ones deciding on what to do with it. In the year 1983 amendments to the social security act reinforced the importance of advanced planning ...