Market failure:

Plastic ban
LOREM IPSUM DOLOR
Content
Market failure and causes

 Why plastic ban?

K study(short)

Pros ann Cons

Conclusion
 What's market failure?And it's causes
Market failure occurs due to
inefficiency in the allocation of goods
and services. ... Reasons for market
failure include: Positive and negative
externalities: an externality is an
effect on a third party that is caused
by the consumption or production of a
good or service.
 Why plastic
ban?

Plastic are They don't

lethal degrade
 Plastic
ban:
K study
(short)
Tamil Nadu
Tamil Nadu
Plastic bags in Tamil Nadu were banned since they were
just used a few minutes but take 1000 years to degrade”.
Therefore when resources are not used efficiently, market
failure arises, which is a situation in which the market
does not allocate resources efficiently. Therefore plastic
bags are negative externality of consumption, which is
when a third party is affected by the consumption of goods
and services for which no appropriate compensation is
paid. The negative externalities of consumption produced
here make the marginal social benefits less than the
marginal private benefits. The marginal social benefit is
equal to the marginal private benefits plus the external
benefits
 Pros Cons
 Plastic bags bans enhance the economy: Bans on plastic bags
cause an uptick in business for reusable bag manufacturers
and lead to increased employment opportunities.
Plastic bans
Eliminating plastic bags reduces cost of goods: Stores have
manufacturers scale

to factor in the cost of disposable bags into their prices.
By eliminating plastic bags, stores can lower prices,
helping shoppers save $18 to $30 annually. back: Bans often lead
 Plastic bags are not biodegradable: When plastics bags
become litter, they pollute oceans, rivers, farmlands, plastic bag
cities, and neighborhoods. Bans eliminate bags, which
equals less litter and less pollution. manufacturers to scale
 Picking up litter costs tax money: Banning plastic bags
will reduce litter and allow for tax money to be redirected
back business and may
to more important areas. lead to layoffs.
 Marine life will improve: Marine animals often mistake
plastic bags as jellyfish or plankton, leading them to
consume the litter and become ill or die.
Upfront cost to
 Drainage infrastructures run more efficiently: Plastic
litter often clogs drainage systems, causing unnecessary
shoppers: Plastic bag
flooding. bans will require
 Plastic bag bans reduce the need to petroleum: Banning
plastic bags will minimize the dependency on the limited shoppers having to
non-renewable resource.
purchase reusable bags,
Conclusion
Plastic bags affect many people, not only the consumers but
plastic bags also affects the environment and animals. We are
affected by plastic bags because we all dispose of them
incorrectly and because we are unaware of the consequences of
using plastic bags. Research shows that “It takes 500-1,000
years for plastic to degrade” this means the plastic we use
isn’t really going away soon. The amount of plastic bags we
use is important because once we throw the plastic bags away
they will just pile up and create pollution, which is harmful
to the environment because how we dispose of the plastic bags
isn’t really going to help due to the amount of time it takes
for them to decompose. Something important to know is that “50
percent of the plastic we use, we use just once and throw
away” this should be taken into consideration because the
plastic bags are just being used once then thrown away, this
contributes to the pollution being created. This is how we are
Bibliography

https://www.bartleby.com/essay/Negative-
Externality-of-Consumption-of-Plastic-Bags-
F3D5YUSVC
http://ken-foundation-
awareness2.blogspot.com/p/say-no-to-
plastic.html?m=1
https://plasticbagsbustos.weebly.com/conclu
sion.html