How does The place where natural resources occur, influences their use.
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Natural resource economics deals with the supply, demand, and allocation of the Earth's natural resources. One main objective of natural resource economics is to better understand the role of natural resources in the economy in order to develop more sustainable methods of managing those resources to ensure their availability to future generations. Resource economists study interactions between economic and natural systems, with the goal of developing a sustainable and efficient economy
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The place where natural resources occur, influences their use
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- The economics of natural resources addresses the supply, demand & allocation of natural resources of the Earth. One of the main goals of the economics of natural resources is to better understand the role of natural resources in economics, in order to create more efficient management approaches to ensure that resources are accessible for future generations.
- Management of natural resources involves the management of natural resources including land, water, soils, animals and plants , with a special emphasis on how management has an impact both on present and future generations' quality of life.
- The use of natural resources is regulated by the use of taxes and permits. The govt. and the individual states decide how services are to be used and monitor the resources supply as well as the status..
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