Public Economics
Environmental protection refers to the practices and policies aimed at safeguarding the natural environment from degradation and ensuring the sustainable use of resources. This concept is crucial in addressing issues such as pollution, deforestation, and biodiversity loss, highlighting the need for collective action and cooperation among individuals, communities, and governments to maintain a healthy ecosystem. Understanding environmental protection is vital as it often faces challenges related to public goods and the free rider problem, where individuals may benefit from environmental preservation without contributing to its upkeep.
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