_________ economics sees the economy as a growing,dependent subsystem of a materially closed,finite ecosphere.

Question

Quizplus · Accepted Answer

Ecological economics views the economy as a subsystem of the environment, with limited resources and ecosystem services that are necessary for human well-being. Therefore, it emphasizes the need to operate within the bounds of the environment and work towards sustainability. Classical and neoclassical economics do not focus on the environment and assume infinite growth and resources. Postmodern economics is a diverse field that does not have a specific view on the environment.

_________ Economics Sees the Economy as a Growing,dependent Subsystem of a Materially