The Economics of Parks and Recreation

The economics of parks and recreation involve understanding how resources are allocated to provide public spaces and activities that promote well-being, community engagement, and environmental conservation. These services often rely on government funding, donations, or user fees. Economists analyze costs versus benefits, considering factors like health improvements, tourism, and quality of life. Effective management ensures that public investment maximizes social value without excessive expense. Overall, the goal is to create accessible, sustainable recreational spaces that support economic and social health while making efficient use of limited resources.