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Ecological economics
Ecological economics is an interdisciplinary field that studies the relationship between economic systems and the environment, recognizing that the economy operates within the Earth's ecological limits.
Natural capital
Natural capital refers to the total stock of natural resources (both renewable and non-renewable) that provide ecosystem services benefiting humans and the environment.
Precautionary principle
The idea that if an action might cause serious harm to the environment, precautionary measures should be taken even when scientific certainty about the harm is lacking.
Steady-state equilibrium
Steady-state equilibrium is the condition in which inputs equal outputs over time, even though water is continuously moving between stores.