THE GOVERNMENT AND POLLUTION

Pollution is a very tough topic in today’s market and in my personal opinion; Government should intervene for the following reason. Let's take the example of a company that manufactures blue jeans at a factory location on a river. The problem is that, as a byproduct of its manufacturing operations, the factory dumps chemical pollutants into the river. But no single person or entity owns the river water, so there is no one to force the company to stop polluting. Moreover, since cleaning up the river would cost money, the company can sell its paper products more cheaply than if it had to absorb such pollution control costs. As a result, the paper company can further increase its output, respondin...

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