Assessment of natural resources in economic geography

Some procedural expedients of assessing the natural resources and natural-resource potential as used by geographical and other sciences are considered. It is stated that there is no consensus understanding of the content of the notions of “natural resources”, “natural conditions”, “natural-resource potential”, “economic assessment of natural resources” and “economic-geographical assessment of natural resources”. The distinctions between them are demonstrated. An example of a monetary calculation of the natural-resource potential for the territory of one of the subjects of the Federation (Irkutsk region) is considered.