What are the methods of conserving resources ?
Answers
Answer:
Top 6 Methods Used for Conserving Resources
- Method # 1. Material Substitution:
- Method # 2. Product Life Extension:
- Method # 3. Recycling:
- Method # 4. Optimum Recycling:
- Method # 5. Recycling and Pollution Taxes:
- Method # 6. Waste Reduction:
Explanation:
1. Material Substitution
-There are many possibilities of material substitution by which, the use of a material resource can be restricted by finding an alternative resource. The problem in this is that many materials have extensive uses and also joint uses.
2. Product Life Extension
-This is a method by which the durability of the product is extended by deliberate design, so that the need for replacement would be postponed.
3.Recycling
-Recycling is a popular and widely practiced method throughout the world by many industrial units. This is a process by which the life of resource is extended by means of recycling it or reusing it as an input or output. This is applicable only to on-energy resources, since the use of a material as an energy resource results in its useless dissipation into the atmosphere.
4.Optimum Recycling
-The optimum level of recycling is the point at which the extra cost of recycling does not outweigh the extra benefits. For a private firm, the decision to recycle depends upon the difference between the cost to the firm of using the ‘virgin’ material and the cost of using recycled material.
5.Recycling and Pollution Taxes
-The above analysis of optimum recycling relates to ratios for a given output. It is often said that pollution taxes will be levied to encourage recycling of the resources. We shall make an attempt to integrate the above analysis with pollution taxes.
6.Waste Reduction
-The problem relating to conservation of resources exhibit in two ways, one to consume or exploit the resources in a minimal way and the other is to avoid or reduce wastage in the process of production. If greater attention is paid to the latter, i.e., waste reduction, it will automatically ensure lesser exploitation of resources.