Natural resource economics deals with the supply, demand, and allocation of the Earth's natural resources. One main objective of natural resource economics is to better understand the role of natural resources in the economy in order to develop more sustainable methods of managing those resources to ensure their availability to future generations. Resource economists study interactions between economic and natural systems, with the goal of developing a sustainable and efficient economy.
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Famous quotes containing the words natural, resource and/or economics:
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—U. R., U.S. women’s magazine contributor. American Ladies Magazine, pp. 317-19 (June, 1829)
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