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The natural resource potential (NRP) refers to the totality of natural resources and natural conditions located within certain geographical boundaries that satisfy the economic, ecological, social, cultural, health, and aesthetic needs of individuals and society.Classification of natural resourcesApproaches to assessing natural resourcesTypes of rentExtraction of rent
This content has been automatically translated from Ukrainian.
The natural resource potential (NRP) refers to the totality of natural resources and natural conditions located within certain geographical boundaries that satisfy the economic, ecological, social, cultural, health, and aesthetic needs of individuals and society.
Natural resources are the conditions of life that are a direct carrier and source of value, as opposed to those conditions of life that are a factor in forming consumer and exchange value.
Natural conditions affect the price of natural reproduction and the transportation component of the use of natural resources.
Classification of natural resources
By types (belonging to the composition of natural phenomena):
- mineral, water, land, forest, recreational, faunal
By exhaustibility and ability to renew:
- exhaustible and inexhaustible, renewable, non-renewable, partially renewable natural resources
By direction of use:
- fuel and energy, mineral raw materials, food, etc. Resources for single-purpose and multi-purpose use are distinguished
By technical possibilities of exploitation:
- real, potential (forecasts)
By economic significance:
- resources of national, regional, and local significance
By technological production cycle:
- resources of primary origin and natural-technogenic β waste of production and consumption
Other divisions: by substitutability (substitutable and non-substitutable), by the impact of production (subject to harmful impact, subject to minor impact, not subject to impact), by quality (each type of natural resources is divided by classes, groups, types, and other classification units)
Approaches to assessing natural resources
Rent approach β assumes that the price of a natural resource is determined by supply and demand in the market and is related to the amount of rent.
Types of rent
- Absolute rent β a form of rent that must be paid to the owner for any plot of land (hence the name "absolute"), regardless of the quality characteristics of the resource located on the plot.
- Differential rent β additional net income of resource users associated with the use of average and better quality types of resources. Differential rent I β arises from the difference in the quality of the resource (for example, due to location). Differential rent II is formed as a result of intensive farming due to additional investments.
Extraction of rent
A part of the rent is extracted by the state in the form of rent payments and is directed towards restoring the natural resource potential of the country.
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