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Explain any two advantages of natural resource accounting. - Environmental Science (Theory)

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Question

Explain any two advantages of natural resource accounting.

Answer in Brief

Solution

  • It incorporates environmental values into conventional accounting thereby, helping us assess the sustainability of economic growth.
  • It provides an information system linking the economic activities to the changes in the natural resource base and shows how these activities utilize natural resources and affect the environment.
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Definition: Resources; Scarcity and Growth; Natural Resource Accounting
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2024-2025 (April) Specimen Paper
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