Natural capital includes all natural assets: humans can modify it, and humans can enhance its reproduction, but it cannot be created by humans.
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What does it mean to have natural capital?
The authors explain, "Natural capital refers to the earth’s natural resources and the ecological systems that provide vital life-support services to society and all living things. These services are of immense economic value; some are literally priceless, since they have no known substitutes.
How is Natural Capitalism A Critique of industrial capitalism?
Natural Capitalism is a critique of traditional "Industrial Capitalism", saying that the traditional system of capitalism "does not fully conform to its own accounting principles. It liquidates its capital and calls it income.
How does Natural Capitalism help to reduce waste?
The resulting savings in operational costs, capital investment, and time can help natural capitalists implement the other three principles. Natural capitalism seeks not merely to reduce waste but to eliminate the very concept of waste.
Which is an example of a natural capital economy?
For example, income from natural capital includes yield from trees and plants in their natural state, not just from their extraction state. In the book, " Natural Capitalism: Creating the Next Industrial Revolution ", the authors describe the global economy as being dependent on natural resources and ecosystem services that nature provides.
Last Update: Oct 2021
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22.10.2021 12:24
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Weigh the range of impacts they wealthy person on natural, frail, social, manufactured and financial sources of capital.
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