what is the difference between economic and ecological value?
243221
Ecology evokes thoughts of energy, diverse re-creation, green landscapes, and research done in lightweight hiking boots, whereas economy tends to get associated with money, mass production, grey industry, and a dismal science conducted in polished black shoes.
1078134
There are only slight differences between both “words.” Ecotoxicology intends to link the effects of pollution at different levels of biological complexity, from molecular to population level passing through cell and tissue levels, while environmental toxicology is more focused on the effects produced at the individual ...
627464
Basically, economics is the study of an economy, i.e. its structure, condition, working, performance, issues, remedies, etc. ... On the other hand, an economy indicates a region, a particular area or country, concerning production, distribution, consumption, and exchange of goods and services, and supply of money.
1122758
Consequently, there are two sources for our welfare: Services of natural capital (ecological services) and manmade capital. And that's the main biggest difference between the conventional (neoclassical) and ecological economics. Conventional economists have a narrow minded focus on manmade capital and services.
910293
An ecological footprint, as explained earlier compares the total resources people consume with the land and water area that is needed to replace those resources. A carbon footprint also deals with resource usage but focuses strictly on the greenhouse gases released due to burning of fossil fuels.
451327
Second, the relationship between geography and sustainable development is mainly economical, ecological, political and cultural in nature. This relationship largely determines the type and quantity of resources needed for the development and achievement of both local and global (space) economic aspirations and needs.
1042999
Economic cost includes opportunity cost, unlike accounting cost, which only takes into account the amount of money spent. Economic cost is the accounting cost (explicit cost) plus the opportunity cost (implicit cost). Implicit cost refers to the monetary value of what a company foregoes because of a choice it made.
962135
The two types you'll most likely encounter are market value and assessed value. Market value is the estimated amount active buyers would currently be willing to pay for your home. ... Assessed value, on the other hand, takes the market value and puts it in the context of your property taxes.
156106
Economics tends to look at things in a broader scope and analyzes the relationships of many factors to each other. You will notice that business focuses on accounting profit whereas economics appreciates economic profit. ... Economics tends to be more theoretical whereas Business Administration is more practical.
205947
Environment refers to the surroundings, whereas, ecosystem is the interaction between the environment and the living organisms. Environment is the area where living organisms live. Ecosystem is the community where the biotic and abiotic elements interact with each other.
674168
Sustainable economic growth is economic development that attempts to satisfy the needs of humans but in a manner that sustains natural resources and the environment for future generations. An economy functions in the ecosystem. ... In fact, an economy cannot exist without it.
1148730
Economic sustainability refers to ability of the economy to maintain itself, run properly. ... Environmental sustainability refers to the ability of the environment to maintain its “health,” and its potential to carry itself on without excessive costs.
1282057
What is the difference between Ecology and Environmental Science? and with their nonliving environment. Environmental Science is the study of how humans interact with the environment. Ecology is just one of many areas of study that contribute to Environmental Science.
1116649
Sustainable economic development means. development should take place without damaging the environment, and environment and development in the present should not compromise with the needs of the future generations. Two ways in which resources can be used judiciously are (i) Resource planning (it) Resource conservation.
329915
At its best, eco-tourism is responsible travel to natural areas that safeguards the integrity of the ecosystem and produces economic benefits for local communities that can encourage conservation. ... Environmental deterioration and inequitable development may in some cases actually be exacerbated by eco-tourism.
697451
Natural capital refers to the resources a nation has such as fisheries, fossil fuels, forests etc. Natural income is the annual yield of goods and services provided by the capital. ... For example, chopping down more wood than a forest produces each year through new growth would be unsustainable.
1155161
Economic sustainability refers to ability of the economy to maintain itself, run properly. I don't know if I can give more information about that. Environmental sustainability refers to the ability of the environment to maintain its “health,” and its potential to carry itself on without excessive costs.