Economic Analysis on Utilization of Waste as Resources in Industrializing of Traditional Chinese Medicine Resources

Abstract:

To achieve sustainable development of Traditional Chinese medicine (TCM) industry we should focus on coordination of resource utilization and environmental protection and carry out utilization of waste as resources in the course of industrialization of TCM resources. The author analyzes the production of waste and the practical significance of waste utilization as resources in the industrialization. Economic analysis is on utilization of waste as resources with four economics principles of cyclic economy, public goods, theory of externality and theory of property right. The analysis provides theoretical basis, causes and a solution to change waste of TCM into resources.

• Periodical: Applied Mechanics and Materials (Volumes 675-677)
• Pages: 1838-1841
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.675-677.1838
• Online since: October 2014
• Authors: Yu Fen Wang
• Keywords: Economics, TCM Resources, Utilization of Waste as Resources

References

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