• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

Natural capital refers to the ecological resources that are used in economic production and consumption, such as fertile land, elements from the earth's crust, atmospheric gases, bodies of water, and plant and animal species. The concept of natural capital has been developed by advocates of sustainable development to emphasize the dependence of all economic activity on these naturally occurring resources and the ecological systems of life that they support. Natural capital has quantifiable economic value either in terms of its potential to enable the production of goods and services or its ability to be traded as a commodity; however, unlike traditional capital, natural capital is thought to have a kind of primary importance in that its conservation and protection is a necessary condition for the ...

    • Loading...
    locked icon

    Sign in to access this content

    Get a 30 day FREE TRIAL

    • Watch videos from a variety of sources bringing classroom topics to life
    • Read modern, diverse business cases
    • Explore hundreds of books and reference titles