In The Pros and Cons of Plastics, explore how the economy (the way materials are made, sold, and bought) is affected by using and producing plastics. Use the information to answer the question. How does producing plastics benefit the economy?

Plastics are the workhorse materials of the modern economy, combining unrivalled functionality with low cost. While integral to the economy, their linear take-make-dispose value chains have significant economic and environmental drawbacks as most of the material ends up as waste. Businesses and governments are now, for the first time, recognising the need to fundamentally rethink the global plastics system.
The New Plastic Economy provides a bold vision of a plastics system that works: a circular economy for plastics. In two acclaimed analytical reports, both launched at World Economic Forum annual meetings in Davos, the Ellen MacArthur Foundation has outlined this vision and a set of concrete actions to harness the benefits of plastic while addressing its drawbacks. This document comprises the main findings of both reports.
Aiming to build momentum towards such a system in which plastics never become waste, the Ellen MacArthur Foundation also launched the New Plastic Economy initiative in 2016. The ambitious vision behind it, aligned with the principles of the circular economy, has inspired a broad range of leading businesses across the plastics value chain, philanthropists, cities and governments worldwide to participate in this initiative.
Stakeholder engagement and cross-value chain collaboration are essential
to the New Plastics Economy initiative in order to create the long-term
solution of system change. Hence, the initiative is naturally led to involve policymakers and international institutions, as much as the private sector
and entrepreneurs. Therefore, working with the Regional Activity Centre for Sustainable Consumption and Production, hosted by the Catalan Waste Agency, and operating under the Mediterranean Action Plan of the United Nations Environment Programme (UN Environment) to bring the main findings of these two reports to a wider community of stakeholders represents an encouraging step for the transition to a circular system for plastics. The dissemination of these summary versions, in both English and French, is a unique way to trigger future opportunities among a wide readership in the Mediterranean area.
Mr. Gaetano Leone, UN Environment/MAP Coordinator, Mr. Josep Maria Tost
i Borràs, Director of the Catalan Waste Agency and Mr. Enrique de Villamore Martín, SCP/RAC Director, have kindly provided the foreword to this document, pointing out the strong case for changing the plastics system, as the current one has shortcomings clearly visible in the Mediterranean area. They also explain how both private and public sector need to be involved in moving towards
a circular system for plastics, capturing the environmental and economic opportunities. We very much look forward to seeing further progress towards a plastics system that works, and to supporting efforts in that direction where. Hope this helps :) this is what my teacher told me

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