The term economy, with its Greek, Latin and French origins, refers to the management of resources by a community.(1) The most common, current understanding of economy relates to the condition of a community, nation or region with respect to trade factors, including production and consumption of goods and services and financial transactions. A broader, and longer understood meaning of the term encompasses the human resources and the natural world as a whole, with the economy of nature relating to the interdependence of all living things.(2) In the words of scientist and environmental activist David Suzuki, “economy is a human construct, we invented it”.(3) This means that we can change the rules of economy but not the rules of ecology, as “those are nature’s laws”.(3)
ECONOMY
