Resource Allocation and Distribution

Resource Allocation and Distribution in Environmental and Natural Resource Economics refers to how society decides to use and share natural resources like water, forests, and minerals. It involves determining which areas or groups get access to these resources, and how much they receive, balancing economic growth with environmental sustainability. Effective allocation ensures resources are used efficiently and responsibly, minimizing waste and negative impacts on ecosystems while meeting the needs of communities. This process often requires policies and regulations to manage competing interests and protect the environment for future generations.