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Imagine you are a business tycoon. you have 500 crore. you discover that there is a reserve of hematite coal in your school ground. now the qoestion is whether you would use the money to take out the coal or leave it untouched ?
Imagine you are a business tycoon. you have 500 crore. you discover that there is a reserve of hematite coal in your school ground. now the qoestion is whether you would use the money to take out the coal or leave it untouched ?
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Solution
The discovery of coal beneath a school raises the question of economic choice. While investment in coal would yield energy, investment in education yields long term outputs in terms of human resource. Coal may be extracted but only on the fulfillment of the condition of rehabilitating the school and preserving the natural environment of the region. It must be remembered that ownership rights on land do not give natural rights to resources.
The discovery of coal beneath a school raises the question of economic choice. While investment in coal would yield energy, investment in education yields long term outputs in terms of human resource. Coal may be extracted but only on the fulfillment of the condition of rehabilitating the school and preserving the natural environment of the region. It must be remembered that ownership rights on land do not give natural rights to resources.
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