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economic value_1

A measure of the benefit provided by a good or service to an economic agent (e.g. buyer or seller). It is not necessarily the same as market value. It is generally measured by units of currency, and can be interpreted to mean the maximum amount of money a specific actor is willing and able to accept or pay for the good or service.

economic and financial instruments_4

Economic and financial instruments can be used to change people's behaviour towards desired policy objectives. Instruments typically encompass a wide range of designs and implementation approaches. They include traditional fiscal instruments, including for example subsidies, taxes, charges and fiscal transfers. Additionally, instruments such as tradable pollution permits or tradable land development rights rely on the creation of new markets. Further instruments represent conditional and voluntary incentive schemes such as payments for ecosystem services.

economic and financial instruments_2

Economic and financial instruments can be used to change people's behavior towards desired policy objectives. Instruments typically encompass a wide range of designs and implementation approaches. They include traditional fiscal instruments, including for example subsidies, taxes, charges and fiscal transfers. Additionally, instruments such as tradable pollution permits or tradable land development rights rely on the creation of new markets. Further instruments represent conditional and voluntary incentive schemes such as payments for ecosystem services.

ecology

The study of interrelations of the diversity (q.v.) of life, the abundance (q.v.) of life forms, and the interplay of their activities within and between life forms and the physical environment.

ecologically intensified agriculture

Any system that maintains efficient production by optimal management of naturally occurring ecological functions and biodiversity. To be put in place, understandings are required of the relations between land use at different scales and the community composition of ecosystem service-providing organisms above- and below-ground, and the flow, stability, contribution to yield, and management costs of the multiple services delivered by these organisms.

ecological solidarity

As explained by Thompson et al. (2011): From ecology based on interactions to solidarity based on links between individuals united around a common goal and conscious of their common interests and their moral obligation and responsibility to help others, we define ecological solidarity as the reciprocal interdependence of living organisms amongst each other and with spatial and temporal variation in their physical environment.