Watch this video to better understand complex economic terms and what is meant by ecosystem services and how communities benefit. Discover the connections between coastal economies, ecosystem services, and decisions made by coastal managers.
Description
In this short video, our odd little economist provides an easy-to-understand explanation about the economic principles involved when evaluating ecosystem services. According to the economist, just because something is free doesn’t mean it has no economic value. And because ecosystem services are free, the economist has come up with the tools needed to figure out how much these services are worth. Learn more from this Econ 120: Ecosystem Services video.