Economics Ecosystem Services Questions
Ecological economics is a field of study that integrates the principles of ecology and economics to understand the interactions between the environment and the economy. It recognizes that the economy is a subsystem of the Earth's ecosystem and that human well-being is dependent on the services provided by nature. Ecological economics emphasizes the importance of sustainable development, considering the long-term impacts of economic activities on the environment and society. It seeks to find ways to achieve economic growth while maintaining the integrity of ecosystems and ensuring social equity. This approach takes into account the value of ecosystem services, such as clean air, water, and biodiversity, and aims to incorporate these values into economic decision-making processes.