Ecological economics is a field of study that integrates economic theory and analysis with ecological principles to understand the interactions between the economy and the environment. It focuses on the sustainable use of natural resources, the impact of economic activities on the environment, and the well-being of both current and future generations.
Ecological economics works by applying ecological concepts, such as carrying capacity and ecosystem services, to economic models and policies. It aims to ensure that economic development is in harmony with the environment and that natural resources are used in a way that does not deplete them for future generations. This field emphasizes the importance of recognizing the limits of the environment and integrating ecological considerations into economic decision-making processes.
