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Depletion of Natural Resources

Depletion of Natural Resources . Members of our Group: Brianna Baker Reisa Guyadeen Jandell Thomas-John Nataqi Vilafanna. What are Natural Resources?.

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Depletion of Natural Resources

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  1. Depletion of Natural Resources Members of our Group: Brianna Baker ReisaGuyadeen Jandell Thomas-John NataqiVilafanna

  2. What are Natural Resources? • Natural resources (economically referred to as land or raw materials) occur naturally within environments that exist relatively undisturbed by mankind, in a natural form. A natural resource is often characterized by amounts of biodiversity existent in various ecosystems

  3. Resource Depletion • Resource depletion is an economic term referring to the exhaustion of raw materials within a region. Resources are commonly divided between renewable resources and non-renewable resources. Use of either of these forms of resources beyond their rate of replacement is considered to be resource depletion.

  4. Causes of Resource Depletion • Excessive or unnecessary use of resources • Non-equitable distribution of resources • Overpopulation • Slash and burn agricultural practices, currently occurring in many developing countries • Technological and industrial development • Erosion • Irrigation • Mining for oil and minerals • drainage of wetlands • forestry

  5. Effects of Resource Depletion • An increasing world natural resource price leads, in the long-term perspective, to decreasing rates of economic growth of a resource-exporting country. The higher the share of a natural resource sectors the lower the equilibrium growth rate of GDP of a resource-rich country.

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