NEW APPROACHES TO THE MANAGEMENT OF NATURAL RESOURCES (1): THE EXPLOITATION

Abstract

Natural resources are not homogeneous in nature, having certain features in the productive process that require grouping them into different categories by different criteria. Consequently, natural resources cannot be addressed all at once, but only distinctly, according to relevant criteria selected based on the proposed goals. This criteria selection process requires special features and econometric models representing the core of the present paper. Furthermore, the paper also intends to cover the social importance of understanding resources misuse, and alongside with the types and sources of inefficiency in resource management

Keywords

• economic management principles
• mining industry
• models
• depletion time
• time-production trend
• profit rate.