Environment.[1][unreliable source?] Natural resource economics deals with the supply, demand, and allocation of the Earth's natural resources. One main objective of natural resource economics is to better understand the role of natural resources in the economy in order to develop more sustainable methods of managing those resources to ensure their availability to future generations. Resource economists study interactions between economic and natural systems, with the goal of developing a sustainable and efficient economy.[2]
Natural resource economics deals with aspects of natural resource extraction and depletion over time. It emerges from neoclassical analyzes regarding the use of agricultural land, minerals, fish, timber forest resources and so on.
Natural Resource Economics analyzes environmental resources in their role as raw materials, inputs for production processes. Linked to the neoclassical approach, it remains grounded in utilitarianism, methodological individualism and balance, thus conducting analyzes of the forms of “optimal use” of resources.
