What is economic reserves?

Economic reserves refer to the quantities of Natural Resources, such as minerals, oil, or gas, that are economically feasible to extract and utilize under current market conditions and technology. These reserves are distinguished from total resources, as they represent a portion that is both accessible and profitable to exploit. Economic reserves can fluctuate based on changes in market prices, extraction technology, and regulatory policies. Understanding economic reserves is crucial for evaluating the sustainability and profitability of resource-based industries.