The concept of 'Degrowth' in ecological economics advocates:
A.A planned reduction of energy and resource throughput in high-income countries to bring the economy within ecological limits while improving well-being
B.The complete abandonment of all economic activity
Explanation:
Degrowth is a school of thought that calls for a democratically planned downscaling of production and consumption in over-consuming countries in order to achieve ecological sustainability and social justice.
Explanation:
Supply-side approaches stress policies that expand the productive capacity of the economy by improving incentives, reducing distortions and raising the efficiency of resource allocation.
No comments yet. Be the first to start the discussion!