Economic Capital or Natural Resources
Value
of the Worlds Ecosystems
Manufactured Capital
Human capital
Command economic systems
Market economic systems
Supply and demand Curves
Mixed economic systems
Measuring economic growth
GDP Essentially, Gross Domestic Product includes
production within national borders regardless of whether the labor and
property inputs are domestically or foreign owned. In contrast, gross national
product is the output of labor and property of US nationals regardless
of the location of the labor and property. GNP Gross National Product
includes income earned by the factors of production (assets and labor)
owned by a country's residents but excludes income produced within the
country's borders by factors of production owned by nonresidents.
Sustainability Sustainability is a relationship between
dynamic human economic
systems and larger dynamic, but normally slower-changing
ecological systems, in which 1) human life can continue
indefinitely, 2) human individuals can flourish, and 3) human
cultures can develop; but in which effects of human activities
remain within bounds, so as not to destroy the diversity,
complexity, and function of the ecological life support system"
(Costanza, 8-9).
Environmental Accounting
Internal costs
External costs
Full cost pricing
Cost-Benefit Analysis