NATURE AND SCOPE OF MARINE BIO-ECONOMICS
The economic production can be achieved through biological resources and non biological resources. The bioeconomics is the subject explaining the production of goods and services through biological resources and living resources. The subject marine bioeconomics is the branch of bioeconomics and it explains the production of goods and services through marine living organisms. This paper deals with content and meaning of bioeconomics. It outlines the concept of marine bioeconomics, structure of marine bioeconomics, bioeconomics of marine reserve and marine protected area and scope of studying marine bioeconomics. This paper concludes with some interesting findings along with policy suggestions.
KEYWORDS: bioeconomics, marine, living resources, human enterprise