Understand how economic systems are related to the biosphere

Economic systems are intricately connected to the biosphere because they are largely dependent on the Earth’s natural resources. Humans rely on resources from the biosphere, such as fossil fuels and minerals, to create energy and fuel economic growth. These resources are finite, meaning they can not be made or replaced, and so economic systems must be carefully managed in order to ensure sustainable use of the biosphere’s resources. This directly affects the economy because any depletion of resources could lead to decreased economic health. Additionally, the stability of economies is significantly impacted by global climate change, which can deplete land and water resources, reduce crop yields, and damage infrastructure due to extreme weather. Therefore, economic systems must take into account the biosphere’s health by developing strategies to mitigate the impact of climate change, protect natural resources, and ensure sustainable use of these resources in order to protect the health of the biosphere and prevent long-term economic disruptions.