EVERYDAY SCIENCE

Detailed explanation-1: -The economy depends on the environment A well-functioning economy depends, among others, on an uninterrupted flow of natural resources and materials, such as timber, water, crops, fish, energy and minerals.

Detailed explanation-2: -Natural resources are essential inputs for production in many sectors, while production and consumption also lead to pollution and other pressures on the environment. Poor environmental quality in turn affects economic growth and wellbeing by lowering the quantity and quality of resources or due to health impacts, etc.

Detailed explanation-3: -Economy and ecology have been unjustly conceived as opposing elements for too long. On the contrary, ecology and economy belong together. A healthy environment and a sparing and careful use of natural resources are prerequisites for a stable economic and social development in the long term.

Detailed explanation-4: -Economic development of a country depends on all three factors: natural resources, capital formation and market size.