Category: Environmental Economics
What is a negative externality? Appreciate the importance of knowing and understanding externality, an environmental economics concept, by reading this article. In environmental economics, one of the interesting and …
Understand environmental economics by reading this article. There is worldwide recognition that natural resources are finite. Hence, if used improperly, resources become scarce and finally get exhausted through time. Anything …
Should urbanization and development always be greeted with open arms? Here’s a personal account of the externalities of urban development. Early this morning, as I try to enjoy the …
What motivates people to conserve or protect natural resources? Is it always the economic incentive? Read on to find out. The previous days with a documentary film crew brought …
The resolution of unfair distribution of wealth entails cost. This situation is referred to as transaction cost. This article explores the meaning of transaction cost and clarifies this concept …
