It Is Widely Argued That One of the Primary Causes

question 20

Essay

It is widely argued that one of the primary causes of environmental decline worldwide is the structural need of capitalist economies to grow, leading to ever more withdrawals from the bank account of ecological productivity. What are the structural origins of the need for capitalist economies to grow? Note: The best answers will cover the role of both production and consumption in explaining the need for economic growth?

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Definitions:

Economic Wellbeing

A measurement of how well individuals and societies can fulfill their needs and wants, often associated with income, employment, and quality of life.

National Income

The total value of all goods and services produced by a country over a specific period, typically a year, including income from abroad.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.