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and, the "mover" and "holder" are designed to make the materials flow smoothly, thereby improving productivity. When material transfer is properly executed, the product yields improve and costs are lowered, resulting in great benefits to society. Material transfer can also be used as an aid to reduce global warming by recycling materials. There are three main benefits of recycling: energy savings, reduced pollution, and enhanced recycling as a solution to the world's energy and environmental problems. In the final years of the 18th century, the English economist David Ricardo noted that value exchange is possible when resources are non-exhaustible. He indicated that a person with a renewable resource will be able to sustain their economy by selling the resource to another who needs it in excess of his or her own needs. For example, a person who digs up coal will only have to pay for the loss of the coal they dug up. In contrast, if a person digs up a finite resource, like a mineral deposit, then the value of the resource increases with each ton that is dug up. This increased value will motivate the person to dig up more and more of that resource, even if the person already owns a fair amount of that resource. This economic model is the basis of what is now known as the Economic growth theory. In the 21st century, the EU has set an objective to get at least 30% of their final consumption from recycled materials by 2030. Recycling can have a positive effect on the economy. Recycling can be achieved in a social and economic sense by embracing sustainability, while at the same time it can also be achieved by embracing the concept of efficiency and recycling. See also Sources Anthony, K.R. and D.A.E. Doogan. (1993) The Sociology of Waste Management. London: Longman. Anthony, K.R. (1996) The Waste Hierarchy: Waste Management and the Ecology of Consumption. New York: St. Martin's Press. Anthony, K.R. (2002) Recycling in Context: Life Cycle Analysis, Waste Hierarchy, and Social Theory. New York: Springer. Anthony, K.R. (2005) The End of the Waste Hierarchy. Ashgate Publishing Limited. Kilgour, G. and G. Wilson. (1991) Waste and Wantoness: The Social Transformation of Waste. London: Pluto Press. References Category:W




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