Asked by Allison Lashua on May 11, 2024

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An ecological modernization theorist would assert that once the demand for environmentally friendly products increases,capitalists will rush to fill this need as an inevitable result of the free market.

Ecological Modernization

A theory that suggests that economic growth can be compatible with environmental protection through the application of technology and social innovation.

Environmentally Friendly Products

Products designed to minimize negative effects on the environment through sustainable practices, less pollution, and conservation of resources.

  • Evaluate the success of international environmental accords and the impact of economic theories on fostering environmental sustainability.
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Zybrea KnightMay 15, 2024
Final Answer :
True
Explanation :
Ecological modernization theory posits that economic growth and environmental protection can be mutually beneficial, and that market forces can drive innovation and investment in environmentally friendly products and technologies. Thus, an ecological modernization theorist would indeed argue that capitalist firms will respond to increasing demand for eco-friendly products and services in order to capture market share and generate profit.