Studies by economists indicate that economic growth and rising living standards are good for the environment because, as societies get richer, they tend to spend more on things that improve environmental quality.

Question

Quizplus · Accepted Answer

Economists have found that as societies become wealthier, they often have more resources to allocate towards improving environmental quality, a phenomenon described by the Environmental Kuznets Curve. This suggests that economic growth initially leads to environmental degradation, but after reaching a certain level of income, societies start investing in environmental improvements, leading to a decrease in pollution and better environmental stewardship.

Studies by Economists Indicate That Economic Growth and Rising Living