How Have Attitudes Regarding Sustainability Changed in Recent Years? Provide

question 129

Essay

How have attitudes regarding sustainability changed in recent years? Provide at least one specific example of a firm adopting sustainability initiatives and the results of this adoption.

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Definitions:

Positive Externalities

Benefits that are enjoyed by a third-party or the society at large as a result of an economic transaction.

Optimal Output

The level of production at which a firm or economy can produce goods at the lowest average cost, maximizing efficiency.

Government

The system or group of people governing an organized community, often a state, and the mechanisms and institutions through which they rule.

Efficiency Loss

Efficiency loss, also known as deadweight loss, is the loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.