In the context of EIP, the term "Ecological" encompasses the geological aspects of life on this planet, the biological aspects of life on this planet, as well as the interconnectedness--the ecological aspects.
The material and biological world self organizes into ecologies. Institutions can benefit from this self-created living world, as well as harm it.
Aesthetic Economics
https://en.m.wikipedia.org/wiki/Ecological_economics
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Wikipedia