Natural resource

Natural resources are commodities that are considered valuable in their relatively unmodified (natural) form. A commodity is generally considered a natural resource when the primary activities associated with it are extraction and purification, as opposed to creation. Thus, mining, oil extraction, fishing, and forestry are generally considered natural-resource industries, while farming is not.

Natural resources are often classified into renewable and non-renewable resources. Renewable resources are generally living resources (fish, coffee, and forests, for example), which can restock (renew) themselves at approximately the rate at which they are extracted, if they are not overharvested . Non-living renewable natural resources include soil, as well as water, wind, tides and solar radiation — compare with renewable energy.

Mineral resources are generally non-renewable and, once a site's non-renewable resource is exhausted, it is considered to be useless for future extraction, barring technological improvements that allow economic extraction from the tailings.

Both extraction of the basic resource and refining it into a purer, directly usable form, (e.g., metals, refined oils) are generally considered natural-resource activities, even though the latter may not necessarily occur near the former.

Natural resources are natural capital converted to commodity inputs to infrastructural capital processes. They include soil, timber, oil, minerals, and other goods taken more or less as they are from the Earth.

A nation's natural resources often determine its wealth and status in the world economic system, by determining its political influence. Developed nations are those which are less dependent on natural resources for wealth, due to their greater reliance on infrastructural capital for production. However, some see a resource curse wherby easily obtainable natural resources could actually hurt the prospects of a national economy by fostering political corruption.

In recent years, the depletion of natural capital and attempts to move to sustainable development have been a major focus of development agencies . This is of particular concern in rainforest regions, which hold most of the Earth's natural biodiversity - irreplaceable genetic natural capital. Conservation of natural resources is the major focus of Natural Capitalism, environmentalism, the ecology movement, and Green Parties. Some view this depletion as a major source of social unrest and conflicts in developing nations.

See Also

• ecoregion
• WikiProject Ecoregions
• sustainable forestry
• fish
• wood
• metal
• minerals
• List of minerals
• petroleum
• mining
• refining
• prospecting
• soft energy path
• environment
• land
• soil

External Links

• Statistics on Natural Resources