under utilisation of natural resources examples
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When external costs are present, the use of natural resources is inefficient because the social benefit is less than the social cost. ... Examples of resource depletion include mining, petroleum extraction, fishing, forestry, and agriculture.
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Natural Resource Management (NRM) refers to the sustainable utilization of major natural resources, such as land, water, air, minerals, forests, fisheries, and wild flora and fauna. ... Natural resources provide fundamental life support, in the form of both consumptive and public-good services.
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