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Abstract
Understanding the economic importance of fisheries and coastal resources is vitally important for making good management decisions that affect human communities, local businesses, and environment and ecological sustainability. However, economic “importance” is not a very specific term, and can mean completely different things to different people. We reviewed different fields of natural resource economics to and describe the different economic terms most often used. This information can help management agencies and cooperative Extension agents use the correct terminology and teach the correct terminology in their outreach.
References
Edwards, S. F. 1991. “A Critique of Three ‘Economics’ Arguments Commonly Used to Influence Fishery Allocations.” North American Journal of Fisheries Management 11 (2): 121–130. https://doi.org/10.1577/1548-8675(1991)011<0121:ACOTEA>2.3.CO;2
Propst, D. B., and D. G. Gavrilis. 1987. “Role of Economic Impact Assessment Procedures in Recreational Fisheries Management.” Transactions of the American Fisheries Society 116(3), 450–460. https://doi.org/10.1577/1548-8659(1987)116<450:ROEIAP>2.0.CO;2
Wallace, C., A. Braswell, M. Clarke, T. Wade, A. Smyth, A. Ubeda, and E. V. Camp. 2023. “How Ecosystem Services Are Measured and Why It Matters for Florida.” FA252. EDIS 2023 (1). https://doi.org/10.32473/edis-fa252-2023