Economic resources - Economicresources Introduction ,machines,acresoflandand . finite,

Economic resources - Economicresources Introduction...

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Economic resources Introduction Finite resources and sustainability There are only a finite - or limited - number of workers, machines, acres of land and  reserves of oil and other natural resources on the earth.  Because most resources are  finite, we cannot produce an unlimited number of different goods and services. Indeed by supplying more for an ever-growing and richer population we are in danger of  destroying the natural resources of the planet. Our ecological footprint affects the sustainability of economies and has huge  implications for future living standards. Environmental pressure groups such  as  Friends of the Earth  and  Greenpeace  seek to highlight the permanent damage to  the stock of natural resources and the dangers from rapid development and the  effects of global warming. The  Worldwide Fund for Nature  has claimed that the natural world is being degraded  "at a rate unprecedented in human history" and has warned that if demand continues  at the current rate, two planets will be needed to meet global demand by 2050.  Resources are being consumed faster than the planet can replace them One issue is the threat posed by the  shortage of water  as the world’s demand for  household and commercial use continues to grow each year. Experts predict that half 
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  • Fall '13
  • N/A
  • Land, finite resources

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