When economists speak about the environment they are primarily referring to the ecosystem, however the term environment can also encompass the society and the economy in which the business operates.
Therefore when we consider the impact of business on the environment we must consider not only their impact on ecosystems but also the society and economy in which they operate. Businesses use the environment in a number of different ways:
• businesses use the environment as a source for their raw materials. Wood, coal, steel, labour.
• businesses use the environment as a place to conduct their business. The land on which the factory/office/business is built
• for some businesses the local environment is used as an amenity. Some businesses sell tours around national parks or areas of national beauty/interest, other businesses use the seas, for example scuba diving, boat trips.
• some businesses use the environment as a place to dispose of its waste. While most people accept that businesses have a right to use the environment for the first three reasons the most controversy surrounds the last point.
lydiajane74 answered the question on July 5, 2018 at 08:00
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