Question

State two uses of Natural resource accounting.

Answer 1

Two uses of Natural Resource Accounting are:

1. Sustainable Resource Management: It helps governments and organizations in tracking the decline or rise in natural resources, allowing for more informed decision-making in terms of sustainability and conservation.
2. Assessing Environmental Impact: It helps measure the economic impact of natural resource usage on the environment. It allows for the incorporation of environmental costs into national economic accounting, resulting in a clearer picture of a country's total wealth.