Environmental economics considers the impact on the environment from "summary" of The Economics Book by DK
Environmental economics focuses on the relationship between the economy and the environment. It considers how economic activities, such as production and consumption, impact natural resources and ecosystems. The field recognizes that the environment is a valuable resource that provides essential goods and services to society, such as clean air and water, fertile soil, and biodiversity. By analyzing the costs and benefits of environmental conservation and degradation, environmental economics seeks to inform policy decisions that promote sustainable development. It examines the trade-offs between short-term economic gains and long-term environmental consequences, aiming to achieve a balance that meets the needs of current and future generations. One key concept in environmental economics is externalities, which are the uninten...
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