The Economic Relevance of Sustainability Issues

Aileen Ionescu-Somers and Ulrich Steger

Chapter 3 in Business Logic for Sustainability, 2008, pp 29-77 from Palgrave Macmillan

Abstract: Abstract The primary and secondary activities of companies can be linked to social or environmental externalities. Externalities are either positive or negative impacts on any entity not involved in a given economic transaction. They are non-market forces and occur when decisions cause costs or benefits to third party stakeholders, often, though not always, through use of a public good.1 Moreover, participants in the transaction do not bear its full costs or indeed reap all of its benefits.

Keywords: Supply Chain; Fair Trade; Bovine Spongiform Encephalopathy; Organic Food; Business Manager (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-58350-4_3

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DOI: 10.1057/9780230583504_3

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