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For example, snow tires which enhance traction during harsh winter driving conditions are labelled with a snowflake on the mountain symbol. [32] A stylized snowflake has been part of the emblem of the 1968 Winter Olympics, 1972 Winter Olympics, 1984 Winter Olympics, 1988 Winter Olympics, 1998 Winter Olympics and 2002 Winter Olympics. [33] [34]
Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (2009) is a book by economists George Akerlof and Robert Shiller written to promote the understanding of the role played by emotions in influencing economic decision making. According to the authors, economists have tended to de-emphasize the ...
For example, biodiversity is a source of food, medication, and materials used in industry. Recreation and tourism are also examples of human economic activities that rely on these benefits. In 2018, the WWF Living Planet Report argues that the whole global economy of US$125 trillion ultimately relies on nature. [3]
In economics, a common-pool resource (CPR) is a type of good consisting of a natural or human-made resource system (e.g. an irrigation system or fishing grounds), whose size or characteristics makes it costly, but not impossible, to exclude potential beneficiaries from obtaining benefits from its use.
For example, according to weak sustainability, replacing a natural forest with a park or agricultural land can be considered sustainable if the recreational or economic value equal the value of the biodiversity lost and further environmental impact caused. According to strong sustainability, cutting down trees in a natural forest and planting ...
The human population exploits and depends on many animal and plant species for food, mainly through agriculture, but also by exploiting wild populations, notably of marine fish. [10] [11] [12] Livestock animals are raised for meat across the world; they include (2011) around 1.4 billion cattle, 1.2 billion sheep and 1 billion domestic pigs. [12 ...
In economics, land comprises all naturally occurring resources as well as geographic land. Examples include particular geographical locations, mineral deposits, forests, fish stocks, atmospheric quality, geostationary orbits, and portions of the electromagnetic spectrum. Supply of these resources is fixed. [1]
It is argued neoclassical economics can understand the value of anything (and therefore the costs and benefits of an activity) only if it has a price, real or imputed. However, physical and human resources may have a value which cannot be expressed in price terms, and to turn them into an object of trade via some legal specification of property ...