Preview

NAME EKENE JUDITH OBIEKWEMATRIC NUMBER 12AF0133040REGISTRATION

Satisfactory Essays
Open Document
Open Document
501 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
NAME EKENE JUDITH OBIEKWEMATRIC NUMBER 12AF0133040REGISTRATION
NAME: EKENE JUDITH OBIEKWE
MATRIC NUMBER: 12AF0133040
REGISTRATION NUBER: 1201573
DEPARTMENT: ECONOMICS
LEVEL: 300 LEVEL
COURSE CODE: GST 311
DATE: 21ST OCTOBER 2014

QUESTION
…..In the final analysis, the concept of wealth to wealth is an economic issue: discuss

What is an economic issue?
An economic issue is a topic that is associated with difficult decisions and disagreements or are debatable. It is a point of concern, matter in question, a subject, an affair and so on.
What is waste?
Wastes are resources consumed by inefficient or non-essential activities, unwanted left overs from production processes, or materials which from the viewpoint of the consumer has no value and are discharged to, deposited in, or emitted to an environ to such quantity or manner that results a harmful change.
Waste will remain part of our lives for as long as we exist. While some people may produce more waste than other people, everybody produces it every day as leftover food, dirty water or garbage.
Types of waste
1. Mining waste
2. Industrial waste
3. Hazardous waste
4. Construction and demolition waste
5. Municipal waste
6. Packaging waste
7. Agricultural waste
8. Waste from electrical and electronic equipment

Why is the volume of wealth generated in Africa increasing
1. A fast growing population
2. Rapid rate of economic development and urbanization
3. Rising levels of disposable income

What is wealth?
Wealth is the abundance of valuable resources or material possessions and income.
Therefore waste to wealth is the conversion of resources regarded as invaluable to valuable.

THE ISSUE OF WASTE TO WEALTH
INTRODUCTION
Communities are gradually interested in reducing the environmental footprints of human economic activities. The great challenges facing the world are human-related on one hand and directly or indirectly science-related. The issue of technological disasters, environmental degradation and growing economic imbalance, calls for concern. Innovative

You May Also Find These Documents Helpful

  • Powerful Essays

    WASTE What is “waste”? • Something undesirable – by product of a useful purpose – something to be managed • Something we haven’t found a use for yet – something to be avoided • Solid waste: any unwanted or discarded material we produce (not liquid or gas). o Industrial solid waste – by-­‐product produced by mines, agriculture and industry o Municipal solid waste (MSW) – trash or garbage produced in homes and workplaces • In US: o 98.5% of solid waste is industrial solid waste o (76% mining, 13% agriculture, 9.5% industry) o 1.5% Municipal solid waste • Waste management: manage waste in ways that reduce environmental harms without seriously trying to reduce the amount of waste produced. o Burying waste o Burning waste o Shipping waste Landfills • Landfills o US: 54% of all MSW is buried in landfills…

    • 7330 Words
    • 249 Pages
    Powerful Essays
  • Powerful Essays

    ECON 175 FINAL

    • 2761 Words
    • 7 Pages

    1. Use only 1 or 2 sentences only to answer in terms of economic concepts. [10 points]…

    • 2761 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Ap Economics

    • 3812 Words
    • 16 Pages

    Economics involves many issues in the economy of the country and world, from politics to money.…

    • 3812 Words
    • 16 Pages
    Good Essays
  • Good Essays

    Waste is produced every day in all parts of the world. It is released in the air, on land and even in the ocean. Everyone produces waste, though it is becoming more difficult to manage it due to the growing amount. The waste produced ranges from organic waste and household waste to others such as industrial waste. Organisations and individuals are all finding ways to minimise the effect of too much while encouraging others to be sustainable and reduce the amount of waste produced.…

    • 841 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The conclusion shows that changes in consumption and higher turnover of products means there is more waste. However it also argues that the value of waste needs to be approached differently.…

    • 1438 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    lean system

    • 1249 Words
    • 5 Pages

    Waste is anything that does not add value from the customer point of view. Storage, inspection, delay, waiting in queues, and defective products do not add value and are 100% waste.…

    • 1249 Words
    • 5 Pages
    Powerful Essays
  • Best Essays

    Chevron Assignment

    • 1774 Words
    • 8 Pages

    Nowadays, recycling, ecology, environmental protection ... are a part of everyday citizens, businesses, politicians; an awareness that has allowed the development of an economic sector and the creation of new jobs. The global warming has increased our awareness towards the planet and its future. In more and more countries, new regulations have been introduced by the government to reduce the amount of pollution. (Ross Gittins 2012) The industrial revolution of our century has put in danger our living resources, nature, and thus potentially putting at risk our own future lifestyle.…

    • 1774 Words
    • 8 Pages
    Best Essays
  • Better Essays

    3,000 years ago, human beings discovered coal and began to burn it in order to get heat and energy, which contributed to people’s lives a lot. However, it brought kinds of problems to the environment. During the process of burning, it produces carbon dioxide, sulfur dioxide and smoke. Those products may lead to acid rain and global warming that are harmful to the environment. Nevertheless, with the development of technologies, renewable energy sources and green technologies have been created. Thus, most people don’t use coal anymore and the environment has been protected. New technology changes people’s lives every second. How does new technology contributes to sustainable environment on earth? There are four major aspects for new technology to make environment sustainable: it can help people explore sources of renewable energy, it can help people solve pollution problems, it can help people balance the ecosystem, it can encourage people to devote themselves to the science for environment.…

    • 1028 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Waste In Canada

    • 913 Words
    • 4 Pages

    Waste should not be seen as worthless junk, but more as a valuable resource, which could benefit people, industries and the environment. Many industries are picking up on this economical concept and changing the way they do business. These industries (commonly referred to as "eco-industrial parks") demonstrate how much can be gained by recycling and resource sharing. Within each park there are several industries working together in sharing the production and use of many costly resources. With all industries striving to achieve the common goal of maximizing revenue and reducing waste, one company's waste becomes another's resource. One method is where excess heat from a power plant warms nearby homes and agricultural greenhouses. These industries also utilize efficient recycling techniques in order to reuse valuable material. For example the sulphur scraped from the smokestacks of power plants is sold to dry wall companies. There are limits to how many lives you can give a pile of debris. In the long run, we have to reduce the amount of material we use and generate.…

    • 913 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    On a general basis, wealth is an accumulation of physical entities which hold great importance to us. These entities are objects such as money, land, jewelries, gold, precious stones and so much more. It is also a means were by people grade themselves or attain superiority over others. Wealth comes with power, prestige, honor, and integrity. Wealth is a very important tool in a society and that is the very means of survival in today’s world. In Charles Darwin’s evolutionary theory, he speaks of “survival of the fittest”. In today’s modern world when fittest is mentioned it actually means wisest, more intelligent or brilliant or clever. Even the strongest in a society cannot attain power without wealth. What an irony but that is the situation of the world and now people are misusing this privilege. The unreasonable use of this opportunity is what is causing inequality in a society.…

    • 3659 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    The Throw-Away Society

    • 538 Words
    • 3 Pages

    When we throw away the no-more-need things and replenish our refrigerators and wardrobes, we throw away resources. No matter they are patches of fabric to make a new scarf or tons of steel to produce new cars, all of them come from the valuable resources of which the stock depletes severely day by day. News and reports broadcast how scarce our natural resources are becoming, but people still throw away. Few of them have realized that the process of throwing away is the exact procedure to turn resources towards garbages.…

    • 538 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Economics is about making choices. We make all kinds of choices every day. How much should I spend on petrol? What's the best route to school? Where should we have lunch? What are the pros and cons of finishing college versus taking a job or inventing the next, best Internet startup? Which roommate should take care of washing the dishes? Can I get that dog as a pet? Should I get married, have children, and if so, when? Which politician should I vote for when they all claim they can improve the economy? What is "the economy," anyway? What if my personal or religious principles conflict with what people tell me is in my best economic interest?…

    • 639 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Economic Activity

    • 3821 Words
    • 16 Pages

    Economics is concerned with humanity’s well being or welfare. It encompasses the social organization and the relationship involved in using scarce resources and available technology to satisfy seemingly unlimited human wants and in allocating those resources among diverse alternative wants.…

    • 3821 Words
    • 16 Pages
    Powerful Essays
  • Satisfactory Essays

    Why Do We Study Economy?

    • 534 Words
    • 3 Pages

    Economics is a dynamic science. With the development of human civilization this science has evolved to include within its ambit a vast range of topics concerned with human life. Every society on this earth faces three…

    • 534 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    dsSFSA

    • 764 Words
    • 4 Pages

    Simply stated, economics is the study of how societies choose to allocate scarce resources among competing uses. Many of the decisions we make are economic decisions, and many of our interactions with others are influenced by economic institutions.…

    • 764 Words
    • 4 Pages
    Satisfactory Essays