Final answer:
The veracity of the statement 'bad things will result when intensifying the production system' is context-dependent. Negative outcomes, such as environmental damage and social inequality, are possible but new technologies and efficient practices can mitigate some issues.
Step-by-step explanation:
The statement that bad things will result when intensifying the production system is a broad conclusion that does not hold in all circumstances, but when considering environmental, social, and economic impacts, there can be undesirable outcomes. This is particularly true when the intensification ignores sustainability practices. For instance, intensifying production often means an increase in resource usage, energy consumption, and consequently, the release of greenhouse gases, leading to environmental degradation such as climate change. Moreover, in the context of globalization, intensified production can lead to factories being established in countries with cheaper labor, which can exacerbate poverty and inequality while potentially providing economic growth. Lastly, the concept of diminishing marginal productivity dictates that further increasing the inputs in a system, such as labor, will eventually lead to a decreased rate of output, indicating that there can be negative economic consequences to over-intensification. However, it's important to consider that engineering advancements and new technologies might mitigate some of these negative consequences by improving efficiency and reducing the marginal costs of adopting such technologies. Therefore, the statement's veracity is context-dependent and can be influenced by variables such as technology, management practices, and externalities.