what impacts does recycling program have on firms and consumers?

Answer 1

As resources go up better for recycling

Answer 2

Recycling is basically reusing a material and therefore has some positive impacts :

1. Consumers have the advantage of getting the products at a cheaper price. A product can be expensive because the raw material is not commonly found. So imagine a scenario where the trees gets depleted and consumers will have to spend more on buying newspapers or notebooks.

2. Recycling can result in better products. For instance, the tin used in cans is more refined after being processed for recycling.

3. There are cost-cutting benefits for companies. For instance, you are using 10% less energy if you are producing an aluminium brick from a recycled aluminium rather than from the raw material.

4. Consumers in one way or the other suffer from health hazards if plastic is not reused. Plastic is not degradable and can affect the seas and oceans from where water is sourced.

5. Companies need not invest heavily in mining if they can re-process mineral products.

6. Due to adverse environmental effects, consumers if given a choice will certainly buy a product that does not harm the environment. Companies can leverage their market strength by designing and advertising products that do less harm to the environment. For example, if you produce steel from recycled steel it means 86% less air pollution.