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Perverse subsidies
Lead to environmental damage and should be phased out.
Economic succession
New and more innovative businesses.
Economic growth
Increased capacity to supply goods and services, requires increased production and consumption, requires more consumers.
Natural capital
Includes resources and services produced by the earth's natural processes, which support all economies and all life
Human capital, human resources
Includes people's physical and mental talents that provide labor, organizational and management skills, and innovation
Manufactured capital, manufactured resources
Includes people's physical and mental talents that provide labor, organizational and management skills, and innovation
Economic growth
Increased capacity to supply goods and services, requires increased production and consumption, requires more consumers
Economic development
Improvement of living standards
Neoclassical economists
View the earths natural capital as part of a human economic system
Ecological economists
View human economic systems as subsystems of the biosphere, and believe that conventional economic growth will become unsustainable
Market price
Does not include indirect, external, or hidden costs
Full-cost pricing
Includes estimated costs of harmful environmental and health effects of production
Perverse subsidies
Lead to environmental damage and should be phased out
Greenwashing
Deceptive practice and spin of environmentally harmful products as green
Environmental regulation
Control pollution and reduce environmental degradation
Developed countries
spend 0.7% of the national budget toward these goals
Economic succession
New and more innovative businesses
Centrally Planned Economy
the government determines production and distribution
Free Market Economy
private individuals and companies determine production and distribution
Neoclassical Economists
view the earth's natural capital as a subset of a human economic system
Note 
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