Biophysical Resources

Biophysical, or natural, resources are "material sources of wealth, such as timber, fresh water, or a mineral deposit, that occur in a natural state and have economic value" (dictionary.com). Economic valuation of some natural resources is difficult: for example, humans value clean air and water, aesthetic or spiritual properties of certain landscapes, and intrinsic value of wilderness areas. It is very difficult to put a dollar value on these "products," yet they are critical to our health and well-being.

Other biophysical resources, such as timber, harvestable forest products, etc. are more easily quantified in dollar terms.

 

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