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Ecosystem services are grouped into four broad categories of services. There are provisioning services, such as the production of food and water. Regulating services, such as the control of climate and disease. Supporting services, such as nutrient cycles and oxygen production.
Natural resources can be a substantial part of a country's wealth; [7] however, a sudden inflow of money caused by a resource extraction boom can create social problems including inflation harming other industries ("Dutch disease") and corruption, leading to inequality and underdevelopment, this is known as the "resource curse".
Natural resources are derived from the environment. Many natural resources are essential for human survival, while others are used to satisfy human desire. Conservation is the management of natural resources with the goal of sustainability. Natural resources may be further classified in different ways. [1] Resources can be categorized based on ...
It is an extension of the economic notion of capital (resources which enable the production of more resources) to goods and services provided by the natural environment. For example, a well-maintained forest or river may provide an indefinitely sustainable flow of new trees or fish, whereas over-use of those resources may lead to a permanent ...
Foraging is the oldest subsistence pattern, with all human societies relying on it until approximately 10,000 years ago. [2] Foraging societies obtain the majority of their resources directly from the environment without cultivation.
In this model the use of natural resources and the generation of waste (like greenhouse gases) is not included. An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society.
There are four basic resources or factors of production: land, labour, capital and entrepreneur (or enterprise). [1] The factors are also frequently labeled "producer goods or services" to distinguish them from the goods or services purchased by consumers, which are frequently labeled "consumer goods". [2]
The result is a large number of wetland classification systems that each define wetlands and wetland types in their own way. [1] However, many classification systems include four broad categories that most wetlands fall into: marsh, swamp, bog, and fen. [1]