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Demand And Supply

Response to Alesandro Cafferata’s post

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Response to Alesandro Cafferata’s post

 I appreciate your insight into the problem of climate change. I agree that more developed countries have a greater responsibility in addressing environmental problems since their contribution to the problem is relatively more significant. Your discussion has a good perspective on who is responsible for environmental issues. It is justifiable that industrialized countries like the US and Germany should be at the forefront of addressing ecological problems. However, I think that the responsibility for solving environmental issues should not just be left to the industrialized countries only. For instance, these countries may come up with laws and policies aimed to reduce the emission of greenhouse gases.  It is true that economic activities hurt the environment, and therefore, the developing countries should undertake sustainable development.

Response to Daniel Perez’s post

            I like your discussion about the tragedy of the common. You bring excellent points about problems resulting as a result of the overconsumption of resources. Your discussing has given me a better understanding of the concept. Your discussion is well detailed from highlighting the cause of the tragedy of the common. Since most resources are scarce, the tragedy of the commons is always likely to occur. It is the high demand for the limited supply that leads to the tragedy of the common. I want to add that government regulations may be applied to control the consumption of scarce resources, which can significantly help to prevent depletion. From your discussion, it is clear that this economic problem may eventually lead to an unsustainable environment.

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