What are the basic components of the materials economy?

What are the basic components of the materials economy?

The Materials Economy is a production system that dominates our manufacturing world. It is a system that starts with the extraction of raw materials from the ground and their processing into usable materials. This is followed by the refined materials being used to manufacture products in factories (called production).

What are the stages of the materials economy?

(The “steps” of the materials economy studied in this unit include extraction, production, distribution, consumption, and disposal.

What is a material economy?

Materials Economy is a system that consists of 5 levels, that of Extraction, Production, Distribution, Consumption, and Disposal. According to Annie Leonard in her book The Story of Stuff, this type of linear system cannot sustain itself in a finite planet such as ours.

What are the main points of The Story of Stuff?

The Story of Stuff exposes the connections between a huge number of environmental and social issues, and calls us together to create a more sustainable and just world. It’ll teach you something, it’ll make you laugh, and it just may change the way you look at all the stuff in your life forever.

What is consumption in the materials economy?

3). “Consumption” refers to the use of the services that goods, made from materials, provide. It means the destruction of the economic value added to a product, through design for example, not necessarily the destruction of the materials of which the product is composed.

What are the five stages of a linear economy?

There are five stages in Rostow’s Stages of Development: traditional society, preconditions to takeoff, takeoff, drive to maturity, and age of high mas consumption. In the 1960s, American economist called W.W. Rostow developed this theory. It is based off of the models of economic activities.

Which of these steps is considered the golden arrow of the materials economy?

What is the “Golden Arrow of Consumption”? The “Golden Arrow of Consumption” is the “heart of the “material economy”, it is the “engine that drive it, it is important that it has become a “top priority” for both “government” and “corporations” to protect it.

What is extraction in the story of stuff?

Extraction: Extraction is a fancy name to say natural resources exploitation, and at the same time for trashing the planet. The planet is running out of resources because people are using too much stuff.

What is the heart of the materials economy system?

The “Golden Arrow of Consumption” is the “heart of the “material economy”, it is the “engine that drive it, it is important that it has become a “top priority” for both “government” and “corporations” to protect it.

Who are people in the materials economy?

Peopleare employed in every stage of the materials economy. The system employs billions of people, from the extraction of raw materials from the ground, to retailers, who are trying to sell us an endless variety of products.

How many stages are there in the linear materials economy?

The Linear Materials Economy which was first presented to our class when we watched The Story of Stuff consists of 5 stages. These stages are: The image above shows how these stages are presented to us.

Is the materials economy sustainable?

This elementary way of describing the Materials Economy, reveals a simple but important flaw with the system. We live on a planet that has finite resources and those resources that are not renewable, will eventually run out. The linear system called the ‘Materials Economy’, is unsustainable.

How is the environment damaged by the materials economy?

The environmentis damaged by the Materials Economy. The extraction of raw materials from the ground, damages the environment and causes pollution and physical scars on our planted. The manufacturing processes create further environmental damage, in the form of atmospheric pollution.