Topic: Resource management, sustainability (please see order description)Order DescriptionINSTRUCTIONS :The essay focus should be on the use of appropriate economic theory to developpolicy solutions to the problems identified. At a minimum your essay shouldinclude.1. A brief description of the problem (without too much technical/scientificdetail – this is an economics essay).2. A brief explanation as to why this problem is an “economic” problem.3. A brief exposition of the conceptual tools in resource and environmentaleconomics that seem most appropriate for policy analysis in respect of theproblem.4. An assessment of how well the actual/proposed policy matches theory,and what other considerations/complications might need to be considereddeciding on a policy solutionESSAY TOPICThe notion of sustainability is used differently in economics than in thenatural sciences. Explain the meaning of sustainability in these twoframeworks, and discuss the attempts that have been made by economiststo make the concept operational, paying particular attention to the conceptsof substitution and weak and strong sustainability. Base your evaluation onthe sustainability policy of a particular jurisdiction (e.g. UK or WesternAustralia).