Economics

Natural Capital

Natural Capital

Natural capital is one approach to ecosystem valuation which revolves throughout the idea, in distinction to traditional economics, that non-human life creates essential resources. Natural capital is the world’s stock involving natural resources, consisting of geology, soils, air flow, water and many living organisms. Natural capital property provide people with a wide range of free good and services, often referred to as ecosystem services, which underpin our own economy and society and a few of which possibly make human living possible.