Explained :- Environmental Economics
Environmental Economics Environmental Economics is a discipline within the economics which studies the economic impact of environmental policies. It applies the values and tools of mainstream macroeconomics and microeconomics to allocate environmental resources more efficiently. Environmental economists study the economics of natural resources from both sides - their extraction and use, and the waste products returned to the environment. They also study how economic incentives hurt or help the environment and how they can be used to create sustainable policies and environmental solutions. Origins of Environmental economics Environmental economics developed in its present form in the 1960s as a result of intensification of pollution and the increased awareness among the general public in Western countries about the environment and it's importance to our existence. Gradually, economists realized that to have an indefinite sustainable economic growth, the economic system needs ...
Comments
Post a Comment