Externalities

Posted on: 21 June, 2023

The costs or benefits of an economic activity that are not accounted for in the market price, such as environmental degradation, health impacts, or social consequences, which may result in market failures and unsustainability.

Glossary

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Zero Waste

A waste management approach that aims to eliminate the generation of waste by redesigning products, promoting recycling, and composting, and minimizing the use of disposable and non-recyclable materials, fostering a…

Water Efficiency

The practice of using water resources efficiently and minimizing water waste through conservation measures, efficient fixtures, water-efficient landscaping, and water management strategies, ensuring the sustainable use of this valuable resource.

Waste Management

The collection, transportation, processing, recycling, and disposal of waste materials in a manner that minimizes environmental impact, promotes resource recovery, and reduces the generation of waste.