MATRIC NUMBER: 12AF0133040
REGISTRATION NUBER: 1201573
DEPARTMENT: ECONOMICS
LEVEL: 300 LEVEL
COURSE CODE: GST 311
DATE: 21ST OCTOBER 2014
QUESTION
…..In the final analysis, the concept of wealth to wealth is an economic issue: discuss
What is an economic issue?
An economic issue is a topic that is associated with difficult decisions and disagreements or are debatable. It is a point of concern, matter in question, a subject, an affair and so on.
What is waste?
Wastes are resources consumed by inefficient or non-essential activities, unwanted left overs from production processes, or materials which from the viewpoint of the consumer has no value and are discharged to, deposited in, or emitted to an environ to such quantity or manner that results a harmful change.
Waste will remain part of our lives for as long as we exist. While some people may produce more waste than other people, everybody produces it every day as leftover food, dirty water or garbage.
Types of waste
1. Mining waste
2. Industrial waste
3. Hazardous waste
4. Construction and demolition waste
5. Municipal waste
6. Packaging waste
7. Agricultural waste
8. Waste from electrical and electronic equipment
Why is the volume of wealth generated in Africa increasing
1. A fast growing population
2. Rapid rate of economic development and urbanization
3. Rising levels of disposable income
What is wealth?
Wealth is the abundance of valuable resources or material possessions and income.
Therefore waste to wealth is the conversion of resources regarded as invaluable to valuable.
THE ISSUE OF WASTE TO WEALTH
INTRODUCTION
Communities are gradually interested in reducing the environmental footprints of human economic activities. The great challenges facing the world are human-related on one hand and directly or indirectly science-related. The issue of technological disasters, environmental degradation and growing economic imbalance, calls for concern. Innovative