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.
Read more about Natural Resource Economics: Areas of Discussion, See Also
Famous quotes containing the words natural resource, natural, resource and/or economics:
“Typography is not only a technology but is in itself a natural resource or staple, like cotton or timber or radio; and, like any staple, it shapes not only private sense ratios but also patterns of communal interdependence.”
—Marshall McLuhan (1911–1980)
“All great amusements are dangerous to the Christian life; but among all those which the world has invented there is none more to be feared than the theater. It is a representation of the passions so natural and so delicate that it excites them and gives birth to them in our hearts, and, above all, to that of love.”
—Blaise Pascal (1623–1662)
“In a world which furnishes so many employments which are useful, and so many which are amusing, it is our own fault if we ever know what ennui [boredom] is, or if we are ever driven to the miserable resource of gaming, which corrupts our dispositions, and teaches us a habit of hostility against all mankind.”
—Thomas Jefferson (1743–1826)
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)