Analysis of the Economic Cost of Protecting Forests

In this chapter, we are going to focus on the analysis of the economic cost of protecting forests. At the beginning of the section, we will first discuss the importance of knowing the cost. And then, we are going to explore different aspects of the opportunity cost, such as time and labor, land, and natural resources. Moreover, we would observe the impacts on economic growth. Lastly, we will demonstrate the methods of reducing the cost as the solutions for improving the economic situation in the society.