GDP plus the estimated value of beneficial transactions that meet basic needs, but in which no money changes hands, minus the estimated harmful environmental, health, and social costs of all transactions.
New cards
2
Market price
Does not include indirect, external, or hidden costs.
New cards
3
Perverse subsidies
Lead to environmental damage and should be phased out.
New cards
4
Greenwashing
Deceptive practice and spin of environmentally harmful products as green.
New cards
5
Economic succession
New and more innovative businesses.
New cards
6
Economic growth
Increased capacity to supply goods and services, requires increased production and consumption, requires more consumers.
New cards
7
Green taxes
So that harmful products and services are at the true cost.
New cards
8
Gross domestic product
Annual market value of all goods and services produced by all firms and organizations, foreign and domestic, operating within a country.
New cards
9
Discount rate
Estimate of a resources future economic value compared to its present value.
New cards
10
Natural capital
Includes resources and services produced by the earth's natural processes, which support all economies and all life.
New cards
11
Natural capital
Includes resources and services produced by the earth's natural processes, which support all economies and all life
New cards
12
Human capital, human resources
Includes people's physical and mental talents that provide labor, organizational and management skills, and innovation
New cards
13
Manufactured capital, manufactured resources
Includes people's physical and mental talents that provide labor, organizational and management skills, and innovation
New cards
14
Economic growth
Increased capacity to supply goods and services, requires increased production and consumption, requires more consumers
New cards
15
Economic development
Improvement of living standards
New cards
16
Neoclassical economists
View the earths natural capital as part of a human economic system
New cards
17
Ecological economists
View human economic systems as subsystems of the biosphere, and believe that conventional economic growth will become unsustainable
New cards
18
Discount rate
Estimate of a resources future economic value compared to its present value
New cards
19
Market price
Does not include indirect, external, or hidden costs
New cards
20
Full-cost pricing
Includes estimated costs of harmful environmental and health effects of production
New cards
21
Perverse subsidies
Lead to environmental damage and should be phased out
New cards
22
Gross domestic product (GDP)
Annual market value of all goods and services produced by all firms and organizations, foreign and domestic, operating within a country
New cards
23
Per capita GDP
Annual gross domestic product (GDP) of a country divided by its total population at midyear
New cards
24
Genuine progress indicator (GPI)
GDP plus the estimated value of beneficial transactions that meet basic needs, but in which no money changes hands, minus the estimated harmful environmental, health, and social costs of all transactions
New cards
25
Green taxes
So that harmful products and services are at the true cost
New cards
26
Greenwashing
Deceptive practice and spin of environmentally harmful products as green
New cards
27
Environmental regulation
Control pollution and reduce environmental degradation
New cards
28
Poverty
People cannot meet basic needs
New cards
29
Developed countries
spend 0.7% of the national budget toward these goals
Studied by 3 people
Note 
Flashcard (132)