Natural Resources are a gift but not free gift. Lets understand it with a simple example:
Forests (Trees/plants/green vegetation) are a great gift of nature. They take carbon dioxide off the environment, keep the green-house effect at minimum and thereby making the planet worth living. On the other hand, they are the only producers of oxygen, without which living is impossible for living organisms. They also bring rain. How much will felling of trees (deforestation) cost? They are inexpensive. Trees cost lives, believe me.
Seriously, all natural resources are inexpensive.
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It's most important because we live on it.
People have been discussing that for thousands of years. It depends on what your opinion of 'beautiful' is.
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1. Oil resources will never get exhusted because they are natural. Every part of d world has it own free gift of nature.
Free goods are gift of nature .Their supply is unlimited .They are not scarce though they are useful.
Land as a factor of production is a free gift of nature and is fixed.
Land as a factor of production is a free gift of nature and is fixed.
Natural Resource is a gift of nature to man kind used to produce goods and services.
Yes a gift of nature can become a resource in the future. Some resources like paper, come from trees. Trees also produce oxygen that every living thing breathes and uses.
it will become a resource in the future
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Well, the gift is free to you. Not to the other person who gives the gift.
Land, In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.
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