ENS Flashcards
CHAPTER2
Alternative vision in a book titled
“The Next 200 Years: A Scenario for America and the World”
any thing that we use from our environment to achieve our
objective.
Resource
The ______hence
depends on the context in which man takes it.
value of resource
The context in which resources
are taken also influenced by
social, economic, and cultural
backgrounds as well as
technological know-how.
Specific attributes of the environment are valued to humans – G. Johnston
*Aspects of nature that can be used by humans to satisfy human wants –
Hite & Mulkey
Natural Resource
2 type of natural resources
Production Resources,
Non-Production Resources
Resources which do not have direct relationship with the production of goods and services
Non-Production Resources
Natural resources economics with raw materials that are turnedinto goods via process of production
Production Resources
2 type of non production resources
Renewable Resources,
Non-Renewable Resources
2 type of flow resources
Non storable
storable
3 TYPW OF RENEWABLE RESOURCES
Flow Resources
Fund Resources
Biological Resources
2 type of Renewable Resources
Recyable Resources
Non Recyclable Resources
Resources can be viewed in terms of:
Classical
Neoclassical
Ecological Economics
Neoclassical Economics (19th
century)
an economic theory that emphasizes the role of supply and demand in determining prices and allocating resources.
Interdisciplinary field that seeks to integrate the principles of ecology and economics to address environmental challenges and promote sustainable development.
Interdisciplinary field that seeks to integrate the principles of ecology and economics to address environmental challenges and promote sustainable development.