42+ Natural Resource Economics An Introduction UK. Natural resources can be classified as potential, actual, reserve, or stock resources based. Natural resource economics focuses on the supply, demand, and allocation of the earth's natural resources.
The natural resources considered in this book are a diverse and complex group of factors of production, they include renewable resources such as fish populations and forests and.
In essence, resources are a type of capital. The course introduces notions of capital theory and economic dynamics. I would recommend it to any college student or home enthusiast facing the gain of knowledge in the area of natural resource. Essential resources like water are also becoming scarce.