Concept
Version 5
Created by Boundless
Basic Economics of Natural Resources
Natural Resource Economics
This diagram illustrates that society and the economy are subsets of the environment. It is not possible for social and economic systems to exist independently from the environment. Natural resource economics focuses on the demand, supply, and allocation of natural resources to increase sustainability.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Nested sustainability-v2."
http://en.wikipedia.org/wiki/File:Nested_sustainability-v2.gif
Wikipedia
CC BY-SA.