The ancient Greek philosopher Aristotle pointed out the problem with common resources: ‘What is common to many is taken least care of, for all men have greater regard for what is their own than for what they possess in common with others. ‘

Ultimately, Hardin believed that the world would have to control its human population growth. The globe itself was the ultimate commons, and adding billions more people would tax its limited resources.

In economics terms, the tragedy of the commons may occur when an economic good is both rivalrous in consumption and non-excludable. These types of goods are called common-pool resource goods (as opposed to private goods, club goods, or public goods).

Lists some pros and cons of each. Clear cutting refers to the removal of a section of trees at once. Selective cutting refers to the removal or a single or very few trees in a forest. Clear cutting is more efficient and cost-effective, while selective cutting is less harmful to a forest ecosystem.

A common resource (or the “commons”) is any scarce resource, such as water or pasture, that provides users with tangible benefits but which nobody in particular owns or has exclusive claim to. A common resource may also go by the term open-access resource.

Top 11 Natural Resources

1. Water. Like soil, water is one of the most important natural resources for the existence of life.
2. Soil.
3. Timber.
4. Salt.
5. Oil.
6. Natural Gas.
7. Coal.
8. Iron.

Water. Without a doubt, water is the most abundant resource on the planet.

Russia

Top 10+ Natural Resources in the World

1. Water. While the earth may be mostly water, only about 2-1/2 percent of it is freshwater.
2. Air. Clean air is necessary for the existence of life on this planet.
3. Coal. Coal is estimated to be able to last less than 200 more years.
4. Oil.
5. Natural gas.
6. Phosphorus.
7. Bauxite.
8. Copper.

Pakistan is one of resource rich countries in the world having a large amount of coal, gas, gemstones, copper, minerals and gold reserves. Other resources also included oil, iron, titanium and aluminum which are a necessity for any growing economy. Natural Gas Natural gas production is at a high level in Pakistan.

Natural resources are used to make food, fuel and raw materials for the production of goods. All of the food that people eat comes from plants or animals. Natural resources such as coal, natural gas and oil provide heat, light and power.

Human beings use resources as raw material to satisfy their needs and comforts. They use them for making clothes, food, construct houses, set up industries etc. They use energy resources like coal, gases, petroleum, wood etc. Natural resources provide jobs and employment to millions of people.

they provide raw materials for the industry. all the commercial activities directly or indirectly depend upon them. they add beauty to the nature and prove very useful in maintaining the ecological balance.

Following are the reasons why the management of natural resources is important: To maintain a balance in the ecosystem. To avoid further destruction of the environment. To avoid over-consumption of the natural resources.