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Society has an unlimited desire for material goods but the world has limited resources to supply these goods. Ever since the industrial revaluation most advanced economies have consistently increased their economic output over time. At some point, the world will run out of resources and economies will no longer be able to grow. How can we continue increasing our living standards without depleting our planet?
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Subscribe to Economics Explained 👉 https://bit.ly/sub2ee
Society has an unlimited desire for material goods but the world has limited resources to supply these goods. Ever since the industrial revaluation most advanced economies have consistently increased their economic output over time. At some point, the world will run out of resources and economies will no longer be able to grow. How can we continue increasing our living standards without depleting our planet?
Learn more about your ad choices. Visit megaphone.fm/adchoices
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