ecosystem services
Natural services or natural capital that support life on the earth and are essential to the quality of human life and the functioning of the world's economies. See natural resources.
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Natural services or natural capital that support life on the earth and are essential to the quality of human life and the functioning of the world's economies. See natural resources.
Community of different species interacting with one another and with the chemical and physical factors making up its nonliving environment.
System of production, distribution, and consumption of economic goods.
Point at which the economic loss caused by pest damage outweighs the cost of applying a pesticide.
Method that a group of people uses to choose (1) what goods and services to produce, (2) how to produce them, (3) how much to produce, and (4) how to distribute them to people. See capitalist market economic system, pure command economic system, pure free-market economic system.
Natural resources, capital goods, and labor used in an economy to produce material goods and services. See natural resources.
Increase in the capacity to provide people with goods and services produced by an economy; an increase in real GNP. Compare economic development, environmentally sustainable economic development, sustainable economic development.
Improvement of living standards by economic growth. Compare economic growth, environmentally sustainable economic development.
Exhaustion of 80% of the estimated supply of a nonrenewable resource. Finding, extracting, and processing the remaining 20% usually costs more than it is worth; may also apply to the depletion of a renewable resource, such as a fish or tree species.
Deciding (1) what goods and services to produce, (2) how to produce them, (3) how much to produce, and (4) how to distribute them to people.
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