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The non-extractive economic value of land is its monetary value the land creates without extracting resources or artificially developing it. The economic value usually comes in the form of ecotourism : it is estimated that hundreds of billions of dollars are generated through visitation to protected areas , although little profit is reinvested ...
Examples in textbooks included seawater and air. Intellectual property laws such as copyrights and patents have the effect of converting some intangible goods to scarce goods. Even though these works are free goods by definition and can be reproduced at minimal cost, the production of these works does require scarce resources, such as skilled ...
In economics, a common-pool resource (CPR) is a type of good consisting of a natural or human-made resource system (e.g. an irrigation system or fishing grounds), whose size or characteristics makes it costly, but not impossible, to exclude potential beneficiaries from obtaining benefits from its use.
Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
Beachgoing or beach tourism is the cultural phenomenon of travelling to an ocean beach for leisure or vacation. The practice developed from medically-prescribed sea-bathing by British physicians in the 17th and 18th centuries and spread throughout Europe and European colonies.
An example of a non-renewable natural resource. Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest, and cultural value.
A traditional list of immediate "basic needs" is food (including water), shelter and clothing. [3] Many modern lists emphasize the minimum level of consumption of "basic needs" of not just food, water, clothing and shelter, but also transportation (as proposed in the Third talk of Livelihood section of Three Principles of the People ...
The official wording of the goal is to "Conserve and sustainably use the oceans, seas and marine resources for sustainable development". [1] Marine resources include: biological diversity (marine biodiversity) ecosystem services from marine ecosystems, such as marine coastal ecosystems and coral reefs; fish and seafood; minerals (for example ...