Green Economics and It’s Three Pillars

The green economy is not just about using the resources of the earth but, it's about how appropriately we use these resources so that we do not hamper opportunities for our upcoming generations. The main idea behind the green economy is that people should avoid using resources faster than they can be regenerated. We all know that businesses and governments have badly affected the environment in the past few decades for growth and up-gradation. Now, it is the time to step ahead and save nature and society by overcoming the mistakes done in the past. Green economics is closely linked to ecological economics, but it has more political interference. There are three main pillars on which the green economy is formed, these pillars are as follows.

Pillars of Green Economy

Profits

Every big and small business needs to have profit and says for continuing the business operations. For running the business successfully, every firm should keep employee happiness, sustainability, employee health, and profitability in a single chain. For instance - If you are using an environment-friendly approach for producing goods and running the business, it will put a positive impact on the wellness of employees working for you.

People

No economy can run without people. So, it is important to take care of the health of working employees for creating a healthy workforce and community. This will not only establish a happy community but it will also build a good connection between suppliers, vendors, and other organisations linked to your business. Firms that focus on becoming a part of the green economy need to provide ethical products and services and should never exploit the workforce or do tasks that editorials the life quality of the employees.

Planet

Organisations that work with the motive of saving the planet produce products and services that help in the regeneration of the earth. If a business is involved in the green economy, it should educate customers about recycling products, reusing natural resources, and saving energy. 

Scholars learning economics in their higher education have to learn a lot more about green economics in their academics. Along with this, there are many other topics that learners have to study. Some of the topics are tricky and scholars fail to understand them properly. So, in that case, it is advised to avail of economics assignment help from experts.