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Market forces are the best way to resolve market failure with regard to the environment?. Agree Disagree . Read through the Theory of Knowledge articles – ‘The ethical dimensions of sustainability and preserving the global climate?’ And..
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Market forces are the best way to resolve market failure with regard to the environment? Agree Disagree
Read through the Theory of Knowledge articles – ‘The ethical dimensions of sustainability and preserving the global climate?’ And.. ‘Economic thinking on sustainability and ElinorOstrom, winner of the 2009 Nobel Prize in Economics
Consider the following • What are the market failures you need to consider? • What do we mean by market forces? • How realistic is the assumption that economic decision making is motivated by rational-self interest • Are individuals able to over come self-interest • What governments responses may be