A unit of Lasting Forests Sustained forests; sustained profits evolving since March 30, 1999

Each resource is dynamic, changing in relation to these 4 components. All resources such as forests, water, and minerals have the same 4 elements or components.

If economics is the study of and activities related to the allocation of scarce resources (all of them) then wildlife management is a subset of economics. Finance is a subset of economics. It is related only to money.

Wildlife that cannot be reached has no benefits (or certainly very few) to humans (The existence value argument). This relates, in part, to the space component defining a resource.

Resources have variety: Having eaten a half gallon of vanilla ice cream, there is little interest in another half-gallon of the same ... but maybe another flavor.

A resource, by definition, is related to benefits. In modern wildlife work, few people realize that benefits are non-linearly related to population size.

This Web site is maintained by R. H. Giles, Jr.
Last revision January 17, 2000.