Outline any potential economic benefits for business or communities

Waste management will not only save natural resources, biodiversity, and human life, it will also impact the economy in a positive way as there will be more jobs created for running an efficient waste management system. In developed countries waste is disposed into garbage disposal sites while in developing economies the waste usually ends up on streets and vacant areas. When this untreated waste is exposed to the air, it causes environmental hazards and impacts the infrastructure. With the passage of time, waste management is becoming more important not just for environmental protection but also as a growing industry for an economy. Businesses can save money by recycling the materials they produce. This would help decrease their waste disposal costs. Moreover, having knowledge about the different kinds of waste the company is creating, would make it easier for them to find waste management services according to their need and minimize their transportation costs. In addition to this, it helps environmental sustainability by minimizing emissions of greenhouse gases and preserving natural resources which in turn promotes the good image of the business. Restaurants can giveaway perishable food items to the needy instead of wasting them and causing harm to the environment.