Uneconomic Growth

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Uneconomic Growth

Economic growth that reduces quality of life. It is sometimes difficult to determine what qualifies as uneconomic growth (some may argue that it is subjective). For example, one person may believe the advent of the Internet was positive because of the improved technology, business opportunities and other benefits it brought. However, another person may argue that the Internet has reduced people's connection to their own land and communities. One often considers environmental and social impacts when discussing uneconomic growth. See also: Degrowth.
References in periodicals archive ?
The central issue in this rate case is that WEC is burdening customers with millions in unnecessary costs by continuing to run uneconomic coal plants when it could be providing power with far cheaper, and cleaner, alternatives.
When FERC investigates a case, uneconomic trading patterns will raise the first red flag, but other factors can help regulators distinguish between a problem and an unlucky trade that later turned profitable.
The strike started with the threatened closure of one uneconomic pit in Yorkshire.
According to ecoTECH, its Gar-Crete system is designed to convert trash into reusable concrete for industrial products, including culverts, pipes and barriers and is used where infrastructure is uneconomic or unavailable.
Cancer centres are no longer willing or can no longer afford to subsidize uneconomic clinical trial operations and the "overage" from industry-sponsored trials diminished.
Smaller, more widely scattered reserves, which were in the past uneconomic or too technologically challenging to develop, are now benefiting from higher oil prices and more advanced subsea hardware solutions.
It would obviously be uneconomic to charter a ship capable of holding 1,500.
These schools, just like so many in neighbouring Gwynedd, are steadily becoming uneconomic to run.
Background: A few studies have been conducted on area of uneconomic schools.
OIL giant Shell has released details of plans to use a fleet of giant processing ships to extract "stranded" subsea reserves of natural gas that would otherwise be uneconomic to develop.
The solution replaced an in-house filtering solution that was becoming uneconomic to support, according to Mynet's general manager, Sabire Ercan.
The churn shows that the number of closures in the big pubcos are the very thin end of the uneconomic wedge in this sector and that the level of business failures is high because of unrealistic rents and wholesale beer prices charged by pubcos."