Economics and the environment

Before if someone would have used the words “economics” and “the environment” in the same sentence I would have looked at them with a dumbfounded expression on my face, however the basic principles of economics can be applied with great benefits of the environment. An example the speaker made was with African Elephant populations in two separate countries, one country outlawed the hunting of the elephant while the other country gave private ownership to the …

…greatly for doing so. This lead to the mass destruction of the poor bird’s habitat, as most of the nation cut down these trees to avoid these birds, which would lead to their extinction. The speaker (Russel Sobil) was very talented and appeared to be extremely competent on this subject matter, which I found out I knew nothing about. I found this lecture interesting, and it also raised my interest in this subject matter.