Preservation Economics

Preservation Economics is the study of how economic factors influence the protection and maintenance of cultural, historical, or natural assets. It analyzes the costs, benefits, and incentives involved in safeguarding these resources, considering their intrinsic value and the external benefits they provide to society. By understanding these dynamics, policymakers and stakeholders can make informed decisions about allocating resources, funding preservation efforts, and creating policies that encourage sustainable conservation. Ultimately, it balances economic sustainability with the goal of preserving valuable assets for future generations.