Bioeconomic Theory

Bioeconomic Theory combines principles from biology and economics to understand the sustainable management of natural resources. It examines how biological systems, like ecosystems and populations, interact with economic activities. The theory highlights the importance of balancing economic growth with environmental conservation, emphasizing that overexploitation of resources can lead to ecological collapse. By applying economic models to biological systems, Bioeconomic Theory aims to create strategies that ensure the long-term health of both the environment and the economy, promoting sustainable practices that benefit future generations.