What are the different aspects of resource economics?

The economy of resources, as well as all other economic topics, is a study of compromises and the possibility of using limited or rare commodities. Emphasis on resource economics is the development, allocation and use of resources, which often refer to natural resources. In more advanced countries, the economy of sources can cover preservation and restoration, and in less developed countries, emphasis is usually placed on allocation. The most common analyzed sources are energies and other non -renewable sources, agriculture, land use and water. Political tools include the analysis of the impact of licensing, taxes or quotas to encourage consumers of resources to assign them in a way that is effective and sustainable. Regional and local governments use analysis to determine the best political mix for their specific needs and goals. These problems apply equally to agricultural and non -agricultural societies. Many companies, especially in developed countries, want to address "green" consumers who are afraid of sustainable use of decreasingIirod resources and often choose products from companies that perform these methods. The public image and profitability of society can be damaged by negative environmental effects such as oil leaks or toxic drainage from mining or agriculture, which may lead to loss of trade and lawsuits.

energy is one of the most important sources. Economists of public and private sector sources study ways to reduce environmental effects such as pollution and change Klimatung sufficient energy sources for all. They could explore new energy sources and ways to reduce fossil fuel energy and analyze cost and benefits to determine the most economical production methods.

Agriculture and food production is another major area for resource economics. As the global population grows and the agricultural land decreases, it is necessary to protect the existing agricultural resourceOje and maximize production when considering the environmental impacts of agriculture. Public policy may encourage farmers and agricultural societies to achieve both results, so economists of the private sector cooperate with scientists to develop new products and techniques for agriculture and food production. Changing the use of pesticides is an example in which the unfavorable environmental effects have forced the private sector to develop new products and methods.