Economics of Waste Management

Making money from garbage or waste is not a recent phenomenon, especially in North America and parts of Europe. Even in Africa solid waste as aluminum and steel are resold to steel and metal work factories. Places like construction sites, yard sales and/or thrash days provide the potential for quick cash as they are repositories of scrap metal. Clothes are recycled at Goodwill and Salvation Army stores. 

 

Unfortunately some people aren’t as quick to catch on to the benefits of recycling. Only 32 percent of people in the U.S. recycle. That number has slowly improved over the years, but it’s nowhere near what it should be.  Most eco conscious people are well aware of the importance of recycling, but many may need an added incentive.  As a result, many local governments have put in place recycling programs that allow people to make money recycling.  There are also other creative recycling ideas that pay off in the end.

 

 

In this episode, we shall consider business in waste.