Asked by Karina Herrera on May 28, 2024
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Environmental economists believe that society can modify the principles of neoclassical economics and reform current economic systems,rather than completely redesigning them.
Neoclassical Economics
An economic theory that focuses on supply, demand, and the price mechanism as the driving forces behind production, distribution, and consumption of goods and services.
Economic Systems
Organized ways in which countries manage their resources and distribute goods and services within their societies.
Principles
Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.
- Acknowledge signs of improvement within an eco-friendly economic system.
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Learning Objectives
- Acknowledge signs of improvement within an eco-friendly economic system.
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