Lecture 3

Impacts of Resource on Economy

-       Most of the resources that are useful somehow possesses economic values.
-       Diamonds, Rocks and other Minerals, Mountain stones, Mines, Energy can be good examples.
-       Resource economics is one of the  key to their management.
Human well-being is dependent on natural resources. Our survival without clean air, plants, and drinkable water is simply impossible. At the same time, some natural resources that are not vital in the way that water is, are still highly important for our survival. Oil, coal, and copper are just a few of the commodities that planet Earth offers us.