Insights

Oftentimes when at the store, you notice that the products labelled as organic or fair trade cost much more than the regular ones. Why is that? Sapling rising from glass cup of pennies One of the primary reasons that environmentally-friendly goods are more costly is their inclusion of negative externalities into the total price. A negative externality is an unintended consequence of an economic activity on the environment that proves to be bad. For example, if a farm makes go

As Thanksgiving rolls around each year, we prepare for a holiday filled with friends, family, laughter, and of course food. But as it turns out, all that overeating still leaves copious amounts of food that goes to waste. "Make meals, not waste this Thanksgiving." We Don't Waste, 18 Nov. 22, https://www.wedontwaste.org Chew on this: it's estimated that around 312 million pounds of food waste get thrown out on Thanksgiving day in America. That's about $550 million of lost mone