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What is Economics of Natural and Environmental Resources about?

This chapter introduces the subjects of economics, natural resources, and the environment. It explains that economics studies how limited resources are allocated to satisfy unlimited wants. Natural resource economics and environmental economics examine the interactions between the economy and natural/environmental resources. The chapter also discusses different views on prospects for the environment, including perspectives from classical economics, neoclassical economics, and conservationism.

Author

Ebenezer Akalu

Language

EN