Industries and Businesses are driven by short-term profit

Cards (2)

  • Process?
    They capitalise on consumer desires, or generating demand for consumption. This is a resource intensive model of economic development, as these organisations then prioritise conversion of natural resource into a product for short-term consumption
  • Outcome?
    • consuming environmental resources beyond regenerative capacity
    • Define: regenerative capacity measures the ability of an ecosystem to recover and regain its functionality and biodiversity after facing disturbances such as natural disasters, pollution, or human activities