ECON-2006EG Study Guide - Quiz Guide: Club Good, Takers, Externality
7 Mar 2021
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Document Summary
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs dimensions: healthy environment social justice economic growth milestones in global environmental governance: 1972: un conference on the human environment established of the un environment. 1992: un conference on environment and development (unced):rio declaration on. 2002: world summit on sustainable development people, planet, prosperity . 2012: un conference on sustainable development: sustainable development goals (sdgs) as follow up of. Responsible consumption and production life on land. Clearly defined and costlessly enforced property rights property rights: Legally established titles to the ownership use and disposal1 of factors of production and goods and services that are enforceable2 in the court. Bundle of rights: access, withdrawal3, management, exclusion, transfer (alienation) efficient system of property rights: Universality: rules must apply to all individuals. Exclusiveness: right to exclude other from use of a resource.
