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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.

 

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Term
Supply
Definition

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

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Term
Cost-benifit analysis
Definition

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

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Term
Demand
Definition

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

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Term

non-market value

 

Definition

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

 

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Term
ecolabeling
Definition

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

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Term
ecological economics
Definition

a field of economics that links nature to economics

 

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Term
evironmental economics
Definition

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

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