Question

In two to three paragraphs, compare and contrast how people have historically treated natural resources and how this might change, using your new understanding of scarcity, conservation, and private property.

Answer 1

The world is full of natural resources used by people to produce goods. The resources such as forest lands are owned by private individuals which they use to earn income. These private properties might be distributed by the government or through inheritance.

Let us take this as an example; properties such as mountains and vast lands owned by corporations (a group of private individuals) quarry them to provide filling materials as their construction business. Once all the mountains are quarried, trees and even the wildlife no longer have a place to thrive. Certain groups in both the animal and plant kingdom will soon be scarce or extinct due to extraction of natural resources (as their habitat) which are exploited by private individuals for business purposes.