Resource depletion
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Resource depletion occurs when a natural resource is consumed faster than it can be replenished. The value of a resource depends on its availability in nature and the cost of extracting it. By the law
Tar sands in Alberta, 2008. Oil is one of the most used resources by humans.
Deforestation of the Amazon rainforest in Brazil's Maranhão state, 2016
Deforestation in Riau province, Sumatra, Indonesia to make way for an oil palm plantation in 2007.
Deforestation in the city of Rio de Janeiro in Brazil's Rio de Janeiro state, 2009
Supply and demand
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In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, the unit price for a particular good or other traded item in a
Resource depletion
…consumed faster than it can be replenished. The value of a resource depends on its availability in nature and the cost of extracting it. By the law of supply and demand, the scarcer the resource the more valuable it becomes. There are several types of resource depletion, including but not limited to: wetland and ecosystem…
Adam Smith
English economist Alfred Marshall pictured c. the release of Principles of Economics (1890)