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Ecosystem services are the various benefits that humans derive from healthy ecosystems. These ecosystems, when functioning well, offer such things as provision of food, natural pollination of crops, clean air and water, decomposition of wastes, or flood control. Ecosystem services are grouped into four broad categories of services.
The concept ecosystem in economy and business stems from the ecosystem concept in ecology. Some environmentalists, however, have used "business ecosystems" as a way to talk about environmental issues as they relate to business rather than as a metaphor to describe the increasing complexity of relationships among companies.
According to the Millennium Ecosystem Assessment [1] project, biodiversity is a necessary underlying component of ecological goods and services. Biodiversity supports ecological goods and services such as biological control and genetic resources. [2] Biodiversity is also sometimes referred to as an actual ecological good or service in its own ...
Although definitions of ecosystem management abound, there is a common set of principles which underlie these definitions: A fundamental principle is the long-term sustainability of the production of goods and services by the ecosystem; [52] "intergenerational sustainability [is] a precondition for management, not an afterthought". [43]
The concept of Digital Business Ecosystem was put forward in 2002 by a group of European researchers and practitioners, including Francesco Nachira, Paolo Dini and Andrea Nicolai, who applied the general notion of digital ecosystems to model the process of adoption and development of ICT-based products and services in competitive, highly fragmented markets like the European one [8] [9].
The basic conceptualization of nature from the perspective of environmental economics is that manufactured capital can be used as a substitute for natural capital. [13] The definition of PES provided by environmental economics is the most popular: a voluntary transaction between a service buyer and service seller that takes place on the condition that either a specific ecosystem service is ...
Ecosystem services are ecologically mediated functional processes essential to sustaining healthy human societies. [6] Water provision and filtration, production of biomass in forestry, agriculture, and fisheries, and removal of greenhouse gases such as carbon dioxide (CO 2) from the atmosphere are examples of ecosystem services essential to public health and economic opportunity.
Ecosystem management stakeholders fall into the following groups based on their diverse concerns: [3] Stakeholders whose lives are directly tied to the ecosystem (e.g., members of local community) Stakeholders who are not directly impacted, but have an interest in the ecosystem or its ecosystem services (e.g., NGOs, recreational groups)