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Published Dec 30, 2024

Charles Ray Hudson

Dennis Loo  

Abstract

Understanding that environmental resources are crucial to economic prosperity, nature economics studies the complex interrelationships between the natural world and economic systems. Nature economics aims to promote a peaceful coexistence between human activity and the environment by incorporating sustainability, resource management, and ecosystem valuation ideas into conventional economic models. Examining the function of natural resources in economic systems, the effects of environmental externalities, and the necessity of sustainable development, and we will explore the core ideas of nature economics.

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Keywords

Natural Resources, Sustainability, Economy, Environment, Development

Supporting Agencies

No funding source declared.

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How to Cite
Hudson, C. R., & Loo, D. (2024). A Review on the Nature Economics. Science Insights, 45(6), 1681–1695. https://doi.org/10.15354/si.24.re1125
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Review