Market Means- Marketable Permits

Marketable permits are a type of government policy that encourages market forces to allocate resources by setting a limit on the amount of a certain product or resource that can be produced or used. This cap is then divided into tradable permits, which allow businesses and other entities to purchase and trade them as needed to meet their resource needs. Tradable permits are similar to cap-and-trade programs and have the potential to strengthen the conservation of resources and encourage efficient use of those resources.