Economics by Anonymous Group

Environmental and resource economy Environmental economics is a subset of economics concerned with the efficient utilisation of resources. Because the environment provides both direct value and the raw material intended for economic activity, Environment and the economy are interdependent.  Natural resource economics focused on the supply, demand and location of the earth's natural resources. Its goal is to gain a better understanding of the role of natural resources in the economy. Learning about the role of natural resources allows for the development of sustainable method to manage resources and make sure that they are maintained for future generation. The goal of natural resources Economics is to develop an efficient economy that is sustainable in the long run.  Types of natural resources Natural resources are derived from the environment. Some of the resources are essential to Survival, while others mere liye satisfy social wants. every man made products in an economy is ...

Inter-linkage between  Economy and Environment The links between the economy and the environment are manifold: the environment provides resources to the economy, and acts as a sink for emissions and waste. In recent years there has been growing concern about degradation and  pollution of environmentand climate change as they impact on future development of both the developing and developed countries. In 1992, representatives of over 150 countries met at Rio in Brazil to discuss the environmental issues and their implications for future development of the world. This meeting at Rio is called the ‘Earth summit’ or the United Nations Conference on Environment and Development (UNCED). This conference clearly spelled out the linkages between natural environment and development and put forward the concept of “sustainable development”. Economy-Environment Linkages (Relations): It is of great importance to explain how the economy and environment are interlinked. The  environment ...

Introduction Of Environmental Economics Environmental economics is an area of economics that studies the financial  impact of environmental policies. Environmental economists perform studies to determine the theoretical or empirical effects of environmental policies on the economy. Otherwise Environmental economics is a sub-field of economics concerned with environmental issues. . Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming. The word environment has been derived from the French word ‘Environer’ which means to surround. Environment includes water, air and land, and their inter-relationships with human beings, other living creatures, plants and micro-organisms. Environment provides basic services essential to humanity such as supporting life, supplying materials, energy and absorbing waste products. The services of environment are used by production ...