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Chapter 2 Economics
Economics and Environmental Studies
8
Environmental Studies
08/23/2011

Additional Environmental Studies Flashcards

 


 

Cards

Term
Economics
Definition

The study of how resources are converted into goods and services and how goods and services are used.

 

Term
Supply
Definition

The amount of product offered for sale at a given price.

warehouse

Term
Cost-benifit analysis
Definition

The method decision makers use to compare what they will sacrifice and gain for a specific action.

scale

 

Term
Demand
Definition

The amount of a product people will buy at a given price.

Untitled

Term

non-market value

 

Definition

values not usually included in the price of goods or services.

 

non market

Term
ecolabeling
Definition

tells consumers which brands are made with processes that do not harm the enviornment

Ecolabel

Term
ecological economics
Definition

a field of economics that links nature to economics

 

dollartree

Term
evironmental economics
Definition

agrees that economies are unsustainable if resources use not made more efficient.

dollartree