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


== See also ==
* [[Income elasticity of demand]]
* [[Luxury good]]
   
   
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. 
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.
Natural capital is also known as natural resources.
==See also==
* [[BS 8632]]
* [[Capital]]
* [[Ecosystem services]]
* [[Environmental concerns]]
* [[Environmental profit and loss]]
* [[Human capital]]
* [[Intellectual capital]]
* [[Manufactured capital]]
* [[Natural capital accounting]]
* [[Natural Capital Coalition]]
* [[Natural Capital Committee]]
* [[Natural Capital Protocol]]
* [[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]]

Revision as of 14:20, 23 October 2012

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

See also