ABSTRACT
Natural capital outputs and outcomes The wicked challenges associated with measuring and accounting for natural capital outputs and outcomes is, in part, founded in the historic and limited acceptance of natural capital as an economic capital (Bennun et al., 2014). Harrison (1989) states this basic difference is that environmentalists regard natural resources as assets analogous to man-made capital, whereas they are treated as free gifts of nature in the national economic accounts. Boyd and Banzhaf (2007) add that the lack of a unified definition for ecosystem services is a significant reason for their exclusion. This has resulted in multiple definitions from the scientific community on what an ecosystem service is, which undoubtedly leads to confusion in determining how to account for and incorporate their value into the economic system.
