Mineral economics is the study of the business and economic aspects of natural resource extraction and use. Mineral economics involves studying topics in economic and financial analysis that are developed to meet the special needs of the natural resource industries. All participants in the industry use mineral economics, including national and local governments, corporations, banks and financial companies, and consulting firms.
Famous quotes containing the word economics:
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)