What is the relationship between natural resources and the environmental economy?

natural resources represent anything taken from the clay environment and used to create goods or services used by individuals. The environmental economy is a subfield that deals with the use of natural resources in the economy. The relationship between natural resources and the environmental economy is quite clear because you cannot have one without each other. For example, an environmental economic study could look at alternative fuels using ethanol or wind, using soil to place waste or improve soil where individuals or businesses used natural resources. This relationship between natural resources and environmental economy tends to grow with economies because the demand for market sources. This failure often represents the inability to the market - whether free or command - incorrectly allocate natural resources among users. The market can occur in a given economy due to limited or rare resources, ie situations where there is not enough material for all users.Studies on natural resources and the environmental economy are trying to define what internal or external factors have caused the situation, because many different reasons can lead to rare sources. These studies are quite common in markets or countries with limited natural resources that must distribute these items effectively and efficiently.

Another connection between natural sources and environmental economy is the study of environmental regulations on the market. For example, limited sources - especially objects such as clean water, fresh air and rare soil - make it important for all individuals to have access to these items. Let one or several individuals use these sources or damage them so that others cannot use them on the market can have serious consequences. Many users believe that an external agency like a government body should regulate the use of natural resources to limitIly the negative problems that appear. Studies of regulations and their impact on the market are important, so individuals can still work as best in the economy.

In some cases, one country may decide that it does not deal with trade with another country that does not respect the environment. The economy of natural resources and the environment can try to create a morally or socially justified society in terms of economic use of goods. The inability of one country to follow these instructions can lead to avoiding this country. Again, a study of this impact is often necessary to determine the impact of these regulations or restrictions.