In 1 paragraphs explain what you think should be done economically to account for the environmental effects of using natural resources. Use information from the discussion introduction, articles, and your own ideas to inform your answer. Then, research and provide an overview of one non-economic solution that is currently underway to help the environment. Provide citations or your research. use simple words nothing too extravagant.
To account for the environmental effects of using natural resources, it is imperative to incorporate the true cost of environmental damage into economic decision-making processes. This could involve implementing environmental taxes or levies on industries that heavily rely on natural resources or produce high levels of pollution, in order to internalize the external costs of their activities. Additionally, subsidies and incentives could be provided for businesses that adopt more sustainable practices or invest in renewable resources. One non-economic solution currently underway to help the environment is the implementation of ecosystem-based management strategies, which focus on preserving entire ecosystems rather than individual species or resources. This approach aims to maintain biodiversity, improve habitat quality, and increase resiliency to environmental changes, ultimately leading to healthier and more sustainable ecosystems. (ScienceDirect)
make it smaller a lot smaller
To address environmental effects from using natural resources, we should incorporate the true cost of environmental damage into economic decisions. This may involve implementing environmental taxes on industries that harm the environment and providing incentives for sustainable practices. One non-economic solution in progress is ecosystem-based management, which focuses on preserving whole ecosystems rather than individual resources. This helps maintain biodiversity and improve habitat quality for a more sustainable environment. (ScienceDirect)
