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Environmental Concerns: An Economic Perspective
Although environmental economics is a new area of research emerging very fast, there is vast literature available in this field. In this paper we are trying to provide a comprehensive view of the development of environmental economics, ranging from the greats of Malthus to modern economists. Of course, we are confining to important research works of this discipline in general and the application of the concepts of environmental economics for abating water pollution in particular.
Keywords
Externality; Tragedy of Commons; Economic Perspective; Economic Instruments; Command–and-Control Instruments
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