Preprint Concept Paper Version 1 Preserved in Portico This version is not peer-reviewed

Economics of the Natural Capital and The Way Forward

Version 1 : Received: 2 January 2021 / Approved: 5 January 2021 / Online: 5 January 2021 (11:27:39 CET)

How to cite: Meraj, G.; Kumar, S. Economics of the Natural Capital and The Way Forward . Preprints 2021, 2021010083 (doi: 10.20944/preprints202101.0083.v1). Meraj, G.; Kumar, S. Economics of the Natural Capital and The Way Forward . Preprints 2021, 2021010083 (doi: 10.20944/preprints202101.0083.v1).

Abstract

Natural capital is the wealth of nations that give them the economic status they represent. Worldwide, vulnerable people depend on natural capital for employment, salaries, wealth, and livelihoods and, in turn, determine the developmental index of the nation to which they belong. The availability of ecological services is crucial for clean water and air, food and fodder, and agricultural development. In this short commentary, we have tried to sum up the ideas and discussions over natural capital's role in ascribing economic status to countries. We have discussed how the prosperity of humans is intertwined with the services ecosystems provide and how poor natural resource management (NRM) has adversely cost human well-being. The paper concludes that to ensure the current and future human well-being, an in-depth understanding of the services ecosystems provide, is essential.

Subject Areas

Ecosystem services; Natural resource management; Natural capital; Ecosystem service provisioning; Cost-benefit ratio

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