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: In the past people treated natural resources as an infinite source of wealth and commodity. But now that we know that there are physical limits to nonrenewable resources we have taken a new approach to preserve this resources by taking measures like natural resource management. A great example of this would be a private property regime where the resources benefits and duties fall under the owner(s).
I hope it helps, Regards.
