Natural capital and Necessity: Difference between pages

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Natural Capital can be defined as the world’s stocks of natural assets which include geology, soil, air, water and all living things.  
''Economics - elasticity''.


A good with an income elasticity of demand less than one.
Examples include global forests and their role in controlling greenhouse gases, insects as pollinators, water resources and the ecosystems of the planet.


Just as companies need financial capital to support their business so too does the world need natural capital to support human life.
(Contrasted with a luxury good.)


Poor management can result in depletion of financial capital and likewise natural capital needs to be managed and valued. 


Putting an economic value on natural capital and accounting for its use or renewal are behind the concepts of sustainability accounting or integrated accounting.
== See also ==
* [[Demand]]
* [[Elasticity]]
* [[Income elasticity of demand]]
* [[Inferior good]]
* [[Luxury good]]
* [[Normal good]]


 
[[Category:The_business_context]]
Natural capital is also known as natural resources.
 
 
==See also==
* [[Biodiversity]]
* [[BS 8632]]
* [[Capital]]
* [[Ecosystem services]]
* [[Environmental concerns]]
* [[Environmental profit and loss]]
* [[Financial capital]]
* [[Human capital]]
* [[Intellectual capital]]
* [[Manufactured capital]]
* [[Natural]]
* [[Natural asset]]
* [[Natural capital accounting]]
* [[Natural Capital Coalition]]
* [[Natural Capital Committee]]
* [[Natural Capital Protocol]]
* [[Produced capital]]
* [[Relationship capital]]
* [[Social capital]]
* [[Sustainability]]
* [[Sustainability bond]]
* [[SHE]]
* [[System of Environmental-Economic Accounting]]
* [[World Forum on Natural Capital]]
 
 
===Other links===
[https://naturalcapitalforum.com/news/article/sustainability-jargon-buster--10-essential-terms-for-ceos Sustainability jargon buster] www.naturalcapitalforum.com
 
[[Category:Ethics]]

Latest revision as of 09:26, 8 April 2021

Economics - elasticity.

A good with an income elasticity of demand less than one.

(Contrasted with a luxury good.)


See also