What is natural resource economics?

Business Dec 27, 2020

Expert Solution

Natural resource economics is an economic field that deals with analyzing the relationship between human economies and the natural ecosystem. It focuses on determining how the economy works with the existence of the natural ecosystem. This includes the positive and negative effects on the economy at different levels of the ecosystem. The natural resource economics bases its facts and concepts on the main economic models and theories for efficiency and accuracy of the concepts that come up in the study.

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