Natural wealth refers to the resources that are derived from nature and provide economic value. These resources include things like land, water, forests, minerals, and energy sources such as oil, gas, and coal. Natural wealth is important because it is the basis for many economic activities, including agriculture, forestry, mining, and energy production.
However, natural wealth is not unlimited and can be depleted if it is not managed sustainably. For example, overfishing can deplete fish populations and lead to economic losses for fishing communities. Similarly, deforestation can lead to soil erosion, loss of biodiversity, and increased greenhouse gas emissions.
Therefore, it is important to manage natural wealth in a sustainable manner, ensuring that resources are used in a way that meets current needs without compromising the ability of future generations to meet their own needs. This requires careful planning and management, as well as policies and regulations that promote sustainable use of natural resources.
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