Corporations should try to internalize adverse costs of production borne by society.

Question

Quizplus · Accepted Answer

Corporations often engage in activities that result in adverse effects on society such as pollution, deforestation, and depletion of natural resources. These activities generate costs that are borne by society rather than the corporations themselves. Therefore, it is important for corporations to internalize these costs and consider them in their decision-making process. This can be done by implementing sustainable practices, investing in clean technologies and reducing their environmental impact. By taking responsibility for the adverse costs of production, corporations can help promote sustainable development and contribute to a better future for society as a whole.

Corporations Should Try to Internalize Adverse Costs of Production Borne