Category: Environmental Economics

Man’s treatment of the environment defines its integrity. Find out how perception can enhance, destroy or sustain use of the environment to meet human needs.  The way man treats …

What is opportunity cost? How can this economics concept become a useful tool in decision making? Read on to find out. Opportunity cost is one of the important concepts …

One of the important concepts in environmental economics or economic valuation is the concept of externalities. This concept may sound so sophisticated and complex to understand to the novice …