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Explain the concepts of optimal macroeconomic scale and maximum sustainable scale . Explain why a more equitable distribution of income in East Asia could increase
- Explain the concepts of optimal macroeconomic scale and maximum sustainable scale.
- Explain why a more equitable distribution of income in East Asia could increase the welfare contribution of an East Asian country's aggregate consumption and boost its sustainable economic welfare.
- Sustainability requires income-generating capital to be kept intact. How do the weak sustainability and strong sustainability approaches to keeping capital intact differ.
- Where non-renewable resource depletion is occurring in an East Asian country, what does El Serafy believe the country must do to keep its natural capital intact?
- What is a steady-state economy (SSE) and, briefly, why do ecological economists believe that East Asian countries must eventually make the transition to a SSE, even if well into the future?
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