1.0Glossaryhttps://www.healthbenefitstimes.com/glossaryGlossaryhttps://www.healthbenefitstimes.com/glossary/author/adminglossary/Bionomics - Definition of Bionomicsrich600338<blockquote class="wp-embedded-content" data-secret="s79uTFjJ10"><a href="https://www.healthbenefitstimes.com/glossary/bionomics/">Bionomics</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.healthbenefitstimes.com/glossary/bionomics/embed/#?secret=s79uTFjJ10" width="600" height="338" title="“Bionomics” — Glossary" data-secret="s79uTFjJ10" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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The relations of organisms to their environment ecology.The concept that one should consider the economy to be an ecosystem, rather than holding the traditional concept that economics is a mechanical system in equilibrium. The concept has been articulated by Michael Rothschild, who proposes that the economy follows biological rather than mechanical principles. This change in point of view has far- ranging implications for understanding economics.