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INTRODUCTION THE ECONOMY
SEVERAL PRELIMINARY POINTS TO NOTE REGARDING
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activities additional allocation of resources anthropogenic atmosphere benefits biomass carbon carrying capacity chemical firm climate Coase common law competition condition consumers cycling decision depletable disturbance earth's surface ecosystem ecosystem property effects efficient allocation effluent charge energy environment environmental economics equal example exponential growth external costs extraction farmer Figure fishing forests function habitat harvesting herbivores higher impact increase incremental inertia institutions interactions keystone species liability rule living organisms logistic growth marginal cost market sector maximize MRPL natural resource nitrogen number of individuals nutrients opportunity cost optimal Pareto efficient phosphorous photosynthesis pollution abatement population pre-disturbance precipitation predator present value processes production property rights regions relative abundance resilience resource and environmental result scarcity rent secondary succession shrublands social society society's soil solar radiation solution species richness stability stage of choice status rights steady-state structures successional transactions costs trophic levels unit utilized Westman