Market (economics)In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society.
Waste stabilization pondWaste stabilization ponds (WSPs or stabilization ponds or waste stabilization lagoons) are ponds designed and built for wastewater treatment to reduce the organic content and remove pathogens from wastewater. They are man-made depressions confined by earthen structures. Wastewater or "influent" enters on one side of the waste stabilization pond and exits on the other side as "effluent", after spending several days in the pond, during which treatment processes take place.
Waste managementWaste management or waste disposal includes the processes and actions required to manage waste from its inception to its final disposal. This includes the collection, transport, treatment, and disposal of waste, together with monitoring and regulation of the waste management process and waste-related laws, technologies, and economic mechanisms. Waste can be solid, liquid, or gases and each type has different methods of disposal and management.
Bottom ashBottom ash is part of the non-combustible residue of combustion in a power plant, boiler, furnace or incinerator. In an industrial context, it has traditionally referred to coal combustion and comprises traces of combustibles embedded in forming clinkers and sticking to hot side walls of a coal-burning furnace during its operation. The portion of the ash that escapes up the chimney or stack is, however, referred to as fly ash. The clinkers fall by themselves into the bottom hopper of a coal-burning furnace and are cooled.
Free marketIn economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations.
ZincZinc is a chemical element with the symbol Zn and atomic number 30. Zinc is a slightly brittle metal at room temperature and has a shiny-greyish appearance when oxidation is removed. It is the first element in group 12 (IIB) of the periodic table. In some respects, zinc is chemically similar to magnesium: both elements exhibit only one normal oxidation state (+2), and the Zn2+ and Mg2+ ions are of similar size. Zinc is the 24th most abundant element in Earth's crust and has five stable isotopes.
Biodegradable wasteBiodegradable waste includes any organic matter in waste which can be broken down into carbon dioxide, water, methane, compost, humus, and simple organic molecules by micro-organisms and other living things by composting, aerobic digestion, anaerobic digestion or similar processes. It mainly includes kitchen waste (spoiled food, trimmings, inedible parts), ash, soil, dung and other plant matter. In waste management, it also includes some inorganic materials which can be decomposed by bacteria.
Ash pondAn ash pond, also called a coal ash basin or surface impoundment, is an engineered structure used at coal-fired power stations for the disposal of two types of coal combustion products: bottom ash and fly ash. The pond is used as a landfill to prevent the release of ash into the atmosphere. Although the use of ash ponds in combination with air pollution controls (such as wet scrubbers) decreases the amount of airborne pollutants, the structures pose serious health risks for the surrounding environment.
Waste minimisationWaste minimisation is a set of processes and practices intended to reduce the amount of waste produced. By reducing or eliminating the generation of harmful and persistent wastes, waste minimisation supports efforts to promote a more sustainable society. Waste minimisation involves redesigning products and processes and/or changing societal patterns of consumption and production. The most environmentally resourceful, economically efficient, and cost effective way to manage waste often is to not have to address the problem in the first place.
Green wasteGreen waste, also known as "biological waste", is any organic waste that can be composted. It is most usually composed of refuse from gardens such as grass clippings or leaves, and domestic or industrial kitchen wastes. Green waste does not include things such as dried leaves, pine straw, or hay. Such materials are rich in carbon and considered "brown wastes," while green wastes contain high concentrations of nitrogen. Green waste can be used to increase the efficiency of many composting operations and can be added to soil to sustain local nutrient cycling.
CostIn production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer.
Philosophy and economicsPhilosophy and economics studies topics such as public economics, behavioural economics, rationality, justice, history of economic thought, rational choice, the appraisal of economic outcomes, institutions and processes, the status of highly idealized economic models, the ontology of economic phenomena and the possibilities of acquiring knowledge of them. It is useful to divide philosophy of economics in this way into three subject matters which can be regarded respectively as branches of action theory, ethics (or normative social and political philosophy), and philosophy of science.
