Bioeconomics is the study of the dynamics of living resources using economic models. It is an attempt to apply the methods of environmental economics and ecological economics to empirical biology. Bioeconomics applies optimal control methods to mathematical models using environmental and ecological elements for resource protection issues relating to resource economics.Bioeconomics is the science determining the socioeconomic activity threshold for which a biological system can be effectively and efficiently utilised without destroying the conditions for its regeneration and therefore its sustainability.

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