Unit Five Economy Flashcards
What is the linear economy
Linear economy has been there for a very long times we have to change now, cheapest option is the batteries, extract make use trash, highways level, examples include dishwasher companies are through old machines away
What are rare earth elements
Rare earth elements are relatively ubandant but not easily extractables and are finite
MNC
international corporation taht has its head quarterns in one country but operates in several other countries
costa rica agribuissnes stats
in costa rice 68% of the pinapple production is controlled by two gloabl countreis del monte and dole control ( this allows teh two countries to set prices and establist production systems with contreversial impacts)
cicrcular economy (3) (what ?, how , goal)
A circular economy is an economic system that aims to minimize waste and promote the efficient use of resources. In a circular economy, resources are kept in use for as long as possible, through strategies such as reuse, repair and recycling. The goal is to create a closed loop system where materials are constantly reused and waste is minimized.
jakarta, landfil stat
bantar gebang, 3000 familes live and work + 9000 tonnes of waste everyday
Circular Economy Case Study - The Netherlands
The Netherlands has embraced the concept of a circular economy and has set a goal to become fully circular by 2050.
Circular Economy Case Study -China
China is one of the world’s largest users of recycled materials, with the country consuming 65% of global recycled metals.
linear economy - brazil
According to the World Bank, Brazil generated 79.9 million tons of solid waste in 2018, with only 3% of that waste being recycled.
circular ceonmy apple - 1.5
Apple has created a robot called Liam, which is capable of disassembling used iPhones and separating their various components for reuse. Liam can disassemble an iPhone in just 11 seconds, recovering materials such as aluminum, copper, gold, silver, and platinum.
fashion linear - 3
The fashion industry is responsible for 10% of global carbon emissions and 20% of global wastewater. In the United States, only 15% of used clothing is donated or recycled, while the rest ends up in landfills.. The average American generates around 80 pounds of textile waste each year, with only about 15% of that waste being donated or recycled.
econoic growth
Economic growth refers to the increase in a country’s production of goods and services over time
Gross domestic product (GDP)
the total value of goods and services produced in a country over a specified period of time
Industrialization
: the process of developing industries in a country, which can lead to increased economic growth.
china nike economy
In China, Nike’s sales revenue has increased steadily, reaching over $4 billion in 2020. Nike’s presence in China has also led to the creation of jobs in the manufacturing sector.