Natural Resource Economics is a branch of economics that focuses on the supply, demand, and allocation of natural resources. It examines how these resources, such as water, minerals, and forests, are used and managed to maximize their value while ensuring sustainability. This field analyzes the trade-offs between economic growth and environmental preservation. The discipline also studies the impact of policies and regulations on resource management. It aims to find efficient ways to utilize resources while minimizing negative effects on the environment. By understanding these dynamics, Natural Resource Economics helps inform decision-making for governments, businesses, and communities.