Question

(f) Would you say that owning 100 acres of mineral rights to natural gas in Wyoming constitutes owning an asset? (g) Would you say that owning 100 acres of almond orchards in California constitutes owning an asset? (h) Which of these are natural assets?

Answer 1

a) Yes, owning 100 acres of mineral rights to natural gas in Wyoming constitute owning an asset.

b) 100 acres of almond orchards in California constitute owning an asset.

An asset can be defined as a valuable thing owned by a person it can be property rights which can be used to meet debts, obligation or liabilities. Both the above-mentioned assets fit into the category.

Natural assets can be defined as the assets of the natural environment. Both the assets mentioned above are natural assets.