Resource Extraction Economics

Resource extraction economics studies how we obtain and use natural resources like minerals, oil, and timber while considering the related economic, environmental, and social impacts. It examines costs, benefits, and market dynamics of extracting resources, aiming to balance economic growth with sustainable practices. This field emphasizes the importance of managing resources wisely to protect the environment, ensure communities benefit, and maintain ecological integrity for future generations. It involves analyzing how policies and regulations can influence resource use and conservation efforts.