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ESS > 8.2 - RESOURCE USE IN SOCIETY > Flashcards

8.2 - RESOURCE USE IN SOCIETY Flashcards

1
Q

What is natural capital?

A

The world’s stock of natural resources

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2
Q

Types of natural capital

A

economic (have monetary value), aesthetic (beauty appreciation), cultural/spiritual, environmental (essential to humans), intrinsic (right to exist), social (places to socialize), technological (used for technology, not static values).

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3
Q

Renewable vs non-renewable natural capital

A

Renewable capital can be replaced as fast as it is used. Non-renewable capital cannot.

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4
Q

Explain tragedy of the commons

A

Individuals will act according to their own self-interest, disregarding the interests of a group or the long-term consequences.

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ESS (17 decks)

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