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Natural Resources and their Importance

Here is another very good video from wetheeconomy. Are natural resources vital to the economy?

Why should nature be taken into account when looking at the economy as a whole? A Bee’s Invoice uncovers and incorporates the hidden value of natural capital in the measurement of our economy. Natural capital in this instance is productive – bees are responsible for over 8% of the total agricultural output in the US which equates to over US$190bn. However it is not recognized as an important part of the economy as nature is not priced and we don’t account for the hidden value that nature contributes to an economy.

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