Environment Factors Impact: Human Living Standard Effect

By Johnny C.H. Lok

Environmental economists try to work within the economic model to measure quality of life. Rather than questioning the link between utility and consumption or choice, the preferred approach is to add an element into the utility function that represents the value of environmental products or the stock of natural capital. By one means or another, the preservation value of these environmental products is estimated in terms of willingness to pay to protect the environment or as willingness to forego other products in return. It seems the quality of people's environment can be represented by objective indicators. At another, their interpretation will vary and can be represented by subjective indicators. Objective indicators come in two forms: (i) economic indicators and (ii) social indicators. The former depends on an ability to select the products and services that are desires, in other words, the satisfaction of preferences . The economic argument is that people select the best quality of life, who can obtain commensurate with their resources and personal desires. By comparison, social indicators are based on normative ideals on what could be considered the food life. For example, would be infant morality, literacy, crime rates and social indicators are objective measures. Both have guided, much of the research on quality of life, particularly concerning with the urban environment. Quality of life can include natural a significant influence on local quality of life, for instance, natural beauty spots used for recreation.

• Format: Paperback
• Language: English
• ISBN: 109523045X
• ISBN13: 9781095230459
• Release Date: April 2019
• Publisher: Independently Published
• Length: 72 Pages
• Weight: 0.36 lbs.
• Dimensions: 0.1" x 8.0" x 10.0"