Abstract
Economics is concerned with the allocation of scarce resources, both labour and materials, in the pursuit of improving the welfare of citizens. While money is the currency used by economists to express the costs of pollution prevention activities, it is important to recognise money costs as the “opportunity costs” of expending scarce labour and materials on one purpose rather than another. For example, if a factory expends resources to prevent outdoor air pollution, those same resources typically cannot be used to produce products that meet other societal needs. This chapter illustrates how the tools of economics can assist decision makers in their efforts to prevent human cancer by controlling levels of outdoor and indoor air pollution.
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Graham, J.D. (1993). The Economics of Controlling Outdoor and Indoor Air Pollution. In: Tomatis, L. (eds) Indoor and Outdoor Air Pollution and Human Cancer. Monographs. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-78197-1_9
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DOI: https://doi.org/10.1007/978-3-642-78197-1_9
Publisher Name: Springer, Berlin, Heidelberg
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