natural resources

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natural resources

the contribution to productive activity made by land (for example, a factory site or farm) and basic raw materials, such as iron ore, timber, oil, corn, etc. Some natural resources, such as wheat, are renewable, while others, such as iron ore, are finite (non-renewable) and will eventually be exhausted. However, as stocks of non-renewable natural resources begin to deplete, their price will tend to rise, providing an incentive to seek other natural or synthetic substitutes for them. Natural resources are one of the three main FACTORS OF PRODUCTION, the other two being LABOUR and CAPITAL. See ECONOMIC GROWTH.
References in periodicals archive ?
THE Department of Environment and Natural Resources (DENR) has yet to fully study the potential impact of a federal form of government on the country's environment and natural resources.
Current study has examined the association between natural resource agglomeration and unemployment in case of Pakistan.
However, the incumbent government is trying their level best to bring available natural resources, foreign assistance and man power into practice to put the province on the track of development and prosperity.The Governor of Balochistan, Mohammad Khan Achakzai, while speaking with the diplomat of European Union, MR.
Of the almost 200 countries in the world, Iran is the fifth richest in terms of natural resources within its borders, according to a new analysis by Investopedia.
"The Centre will not solve Africa's natural resource problems, but will contribute to finding solutions for them in close collaboration with stakeholders in natural resource management," Khama said.
According to Bill Wade, Director of Weiss Educational Services: "To say the natural resource and precious metal sectors of the economy are both in bear markets could be the understatement of the year.
"Natural Resources Wales is committed to leading on joined-up thinking on environmental and natural resource management.
Finally, the Natural Resource Charter, launched in 2009 by academics and civil society, has developed 12 precepts that a country should follow if its natural resource wealth is to be used for the common good.
In debates about natural resource management and sustainable development, from planners' and policy makers' viewpoint, the utilizers have been considered as one of the target groups and their empowerment and attracting their participation as a large part of human sources living in rural areas, are vertices of programs of development organizations in different countries.
Natural Resource Partners LP (NYSE: NRP), a company principally engaged in the business of owning natural resource assets, has acquired a 48.51 percent general partner interest in OCI Wyoming LP, and 20 percent of the common shares and all of the preferred shares of OCI Wyoming Co.
In its efforts to increase integration of all the components of communal land use, including the various aspects of agriculture, tourism, wildlife and natural plant product use, the government has drafted a policy on Community Based Natural Resource Management (CBNRM).
" Auction may be one of the methods for allocation of natural resources but not the only methodC* Liquidity of a natural resource, its need and value to the public at large, the need for ensuring maximum benefit for the advancement of the country and other aspects are relevant for deciding on the method for allocation," attorney general G.

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