Answered: economic activities in the natural…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

What are the research themes to inveatigate on the effects of the decline in economic activities in the natural environment due to the implementation of lockdown?

Expert Solution

Step 1

Economic activities: These activities help the economy grow because they will try to create an increase in the demand for goods and services, which will help develop the economy.

Step 2

The economic activities impact on the environment:

As the lockdown happens in the economy, there is a decrease in air pollution due to which the environment has become healthy. The air quality has become good, which will help develop the society in the long run because of the lack of transportation activities.
Nature has recovered itself because of the fewer people intervention in nature. Nature got time to recover, which will help in the economy's long-run productivity as nature provides all the resources to the economy.
The quality of water has also become better because the industries were not working in the lockdown's initial stages. The industrial waste has not gone in water and made it hazardous.
The greenery has increased because people were not there to harm the environment, due to which the trees were able to develop and less deforestation was there.

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