Whatisenvironmentaleconomics.docVIP

A Brief Introduction to Environmental Economics What is environmental economics? Economics is a body of knowledge (a science) that has certain theories, values, methods, and assumptions. One goal of economists is to understand how to produce goods for society in the most efficient manner. This is achieved by having a better understanding of human activities in a market system. Environmental economics is a distinct branch of economics that acknowledges the value of both the environment and economic activity and makes choices based on those values. The goal is to balance the economic acti