Question
In 1849 Thomas Carlyle coined the phrase dismal science when writing about economics, because economists warn us that natural resources are limited. Such warnings were
In 1849 Thomas Carlyle coined the phrase "dismal science" when writing about economics, because economists warn us that natural resources are limited. Such warnings were largely ignored for the next hundred years. Only in the latter half of the 20thcentury did the limits on natural resources and the fragility of our atmosphere became clear. In the 21stcentury, the responsibility of businesses to do less harm is no longer questioned.
Jorgais very proud of her business and her commitment to do less harm. She recently installed new cleaner, automated equipment that can produce all her needed inventory using non-fossil, non-polluting technology. After paying corporate taxes and real estate taxes, she will still be able to give herself large quarterly and yearly bonuses. The only downside is that she had to terminate all the workers in an isolated community where there is no comparable employment.
1.) Based on a triple bottom line assessment, which of the 5 types of "sustainable" businesses hasJorgacreated? Explain why you think her business is this type.
2.) CouldJorgafurther improve the impact of her business? If so, how?
3.) Who couldJorgaconsult with to determine what her best course of action should be?
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