Concepts of ecology economics about the society

Environmental economics is a distinct branch of economics that acknowledges the value of both the environment and economic activity and makes choices based on those values. The goal is to balance the economic activity and the environmental impacts by taking into account all the costs and benefits. The theories are designed to take into account pollution and natural resource depletion, which the current model of market systems fails to do. However, This fail systems needs to be addressed by correcting prices so they take into account “external” costs (uncompensated side effects of human actions),for instance environmental pollution. When you are citing the document, use the following link http://essuir.sumdu.edu.ua/handle/123456789/1022