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Importance of natural resource Economics
What Is The Importance Of Natural Resources In Economics
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In today’s ever growing society, we must pay special attention to the amounts and types of resources we our currently consuming and the supply of these resources that will last us for the future. In researching this topic there are many factors to take into account such as the ever growing population, use of limited and unlimited resources, destruction of resources without full utilization of them, and the planning and discovering of new resources for our future.
It is a safe assumption to make that our society’s population is not one that will be slowing down anytime soon. To date, according to the U.S. Bureau of the Census the United States population is projected to be 290,634,727 people, with a net gain of one person every 11 seconds, and though this may seem quite large it is only a mere 1/25th the world population, which currently is around 6.5 billion people. With large numbers like these and an outlook for continuous growth, it must be taken into concern that at some point, the U.S. and the world as a whole is going to reach its carrying capacity, a point at which the resources in an environment can no longer support a greater population. Though this may still be hundreds of years away, by addressing energy consumption and depletions concerns now we can prolong and prepare for that date as best as possible.
In the United States, and the world as a whole, there are three major areas in which resources can stem from; those are water, minerals, and the land. All of our resources and utilities to produce resources come from one of those three, and as our population continues to grow, those three sources are ever depleting. As stated above we are a culture who on the whole has a population that does not look like it will cease in growth anytime in the near future. Due to this, the planets limited supply of water seems to be one of the first things that would lead to destruction of our population. We already our currently experiencing global droughts that affect the production of other resources such as food, and therefore directly affect the health and stability of our population. With continued growth, it can only be expected that available water will be ever depleting.
With the focus on our continued growth, one must next look at its affects on the land in which live on.
As small mobile groups of hunter-gatherers adopted a sedentary lifestyle, they mastered both agriculture and animal domestication. These small settled groups quickly evolved into cities and towns that encompassed the entire globe. Today the estimated population of the world is over 6.2 million people.1 As the population has grown, it has had several deleterious effects on the Earth. These include climate changes, the spread of diseases, declining food production, deforestation, and environment pollution (particularly air pollution). As people have become more conscious of these harmful effects, they have begun to devise strategies to combat this problem. Among the suggested responses include a switch to renewable energy, a call for zero population growth, and adopting sustainable agricultural practices.
In unit 3 we learned about sustainability, our ecological footprints, oil resources as well as trade. The sustainability dilemma is divided into three sections that each show a way the earth is struggling to sustain us. When studying population, we learned that the global population is slowing down, but will continue to increase for at least thirty years. Furthermore, in unit 4 we learned about population change. When studying exponential growth, we learned the United Nation has three predictions for the future global population. These predictions include our population increasing rapidly, decreasing rapidly and stabilizing. These two ideas are connected because they both explore the future of our population. The diagram represents
Two hundred years ago, during the reign of Queen Victoria in England, the social barriers of the Victorian class system firmly defined the roles of women. The families of Victorian England were divided into four distinct classes: the Nobility or Gentry Class, the Middle Class, the Upper Working Class, and lastly, the Lower Working class . The women of these classes each had their own traditional responsibilities. The specifics of each woman’s role were varied by the status of her family. Women were expected to adhere to the appropriate conventions according to their place in the social order . For women in Victorian England their lives were regulated by these rules and regulations, which stressed obedience, loyalty, and respect.
Humanity is an intriguing race indeed in the world. We can be careless when we purchase things. We tend to buy things with no awareness of the insane, expensive prices and end up purchasing things to fulfill our desires in fancy malls and stores. Anyways, there are many situations that of course happen within society today with unnecessary purchases.
Black, D. W. (2007) A Review of Compulsive Buying Disorder. World Psychiatry Journal. February 2007. 6(1): 14-18
Robert Ho and Natalie Chantagul are authors of the journal Support for Voluntary and Non-voluntary Euthanasia: What Roles Do Conditions of Suffering and the Identity of the Terminally III Play?. Robert Ho is a professor of biology and anatomy. Natalie Chantagul has a phD in physiology. It is not seen as morally wrong to euthanized a patients, if done by the request of the patient and only if requested by the patient (Ho and Chantagul 253). Many times patients request euthanasia in order to reduce the pain and suffering Patients also seek to be euthanized, because they feel that they are a weight on their loved ones (Ho and Chantagul 254). It is difficult for people living with terminally illness and have to endure pain and suffering and not be able to opt for terminating their life. The people that do chose euthanasia, do it because they do not want their loved ones to endure their pain and suffering as well and they do not want to feel that they are a cargo on their family. There is new research suggesting that the treatments used for patients on life support ,do not meet their needs nor do they meet the patients will (Gardner 226). Nurses try to ease the pain of the patients who are terminally ill, but many times these patients feel humiliated and undesirable when they continue to live in this desperate situation (Gardner
It is safe to say that if given the choice, nobody would watch a loved one suffer. To repeatedly witness their pain on a day-to-day basis, some would consider it self-torture. But sadly some people do not have the luxury to choose, some people are forced to experience the tragedy of watching someone close to them slowly and painfully pass away. Waiting out an agonizing death should not be the only option a person, or a family, has when they are already faced with their imminent death. The other option should be euthanasia, the practice of intentionally ending a life in order to relieve pain and suffering.
In today’s society that we live in, there are countless of environmental problems that we face, such as global warming, fishing, pollution, and many other topics of that matter. These issues have affected our environment for the worse and have caused problems physically and economically. Yet, out of all the issues that effects our world on a daily basis, it is shown that overpopulation is one if not, is our biggest issue in our environment that is only getting worse due time, especially due to the rapid growth of the human population and the limited resources that are left on earth that we absolutely need to tend to our growing population. Even Dr. Charles A. Hall, who is a systems ecologist, states that, “Overpopulation is the only problem, If we had 100 million people on Earth or better yet 10 million, no others would be a problem.” Which helps prove that overpopulation is a major issue that we must act upon if we want to save our world.
“We are consuming the Earth’s natural resources beyond its sustainable capacity of renewal” said by Herman Daly, Beyond Growth, Boston 1996, 61[1] .
Human population growth was relatively slow for most of human history. Within the past 500 years, however, the advances made in the industrial, transportation, economic, medical, and agricultural revolutions have helped foster an exponential, "J-shaped" rise in human population (Southwick, Figure 15.1, p. 160). The statistics associated with this type of growth are particularly striking: "Human beings took more than 3 million years to reach a population of 1 billion people...The second billion came in only 130 years, the third billion in 30 years, the fourth billion in 15 years, the fifth billion in 12 years..." (Southwick, p. 159). As human population has grown, there has been simultaneous growth within the industrial sector. Both of these increases have greatly contributed to environmental problems, such as natural resource depletion, ecosystem destruction, and global climate change. Also linked with the increasing human population are many social problems, such as poverty and disease. These issues need to be addressed by policy makers in the near future in order to ensure the survival and sustainability of human life.
From the beginning of time, the earth has provided its inhabitants with everything needed to sustain life at its most basic level. For instance, the ratio of land to fresh water as well as Earth’s natural cycles provided enough resources for animals to survive. Unfortunately, as the human population grew, the previously abundant natural resources started to become limited. In fact, engineers have recently been tasked with discovering new methods of harnessing energy, harvesting food, and collecting fresh water because the population is quickly depleting traditional techniques. Not only is the sheer number of people on Earth using up all of its natural resources, but humans’ modern desires are furthering the destruction of Earth. In developed
Human population growth is becoming a huge issue in our world today. The population is increasing rapidly. The reason that it is becoming a concern is because it has affected the economic, environmental, and social aspects of our world. In the film Frontline: Heat, we can see how there might not be a future for our planet unless we are able to reduce the emissions and make our world a safe place. Not only for the present but also for future generations so that they are able to live long and healthy lives.
Humans have become a threat to our own way of life by consuming more resources than needed, blind to the consequences that we may face in the future. As of 2016 the world population is at 7.4 billion and it is estimated to be at 11.2 billion by the year 2100. However 10 billion is the maximum population that can be sustained in terms of food security, only one of the many factors to global sustainability. Due to the fact that human consumption exceeds the amount of resources available, the United Nations “recognizes that eradicating poverty is the greatest global challenge” in A/RES/70/1. Sustainable development is not only required to fulfill the necessities of the present but to guarantee the capability for future generations to satisfy theirs.
One of the most complex issues in the world today concerns human population. The number of people living off the earth’s resources and stressing its ecosystem has doubled in just forty years. In 1960 there were 3 billion of us; today there are 6 billion. We have no idea what maximum number of people the earth will support. Therefore, the very first question that comes into people’s mind is that are there enough food for all of us in the future? There is no answer for that. Food shortage has become a serious problem among many countries around the world. There are many different reasons why people are starving all over the world. The lack of economic justice and water shortages are just merely two examples out of them all.
Joung and Park-Poaps (2013) concentrated their research on university students in America; their study of 232 people was based overwhelmingly on young, Caucasian (87.5%), females (91.8%). (Joung and Park-Poaps 2013). Their demographic characteristics could suggest a similarity in upbringing and background, which could in turn mean they have learned similar consumer behaviours as studies have shown young children learn their attitudes and behaviours from their peers and family members (Ward 1974).