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Modernizing U.S. Securities Regulation: Economic And Legal Perspect... Reflections On Finance Education And Society Figure 1. Base scenario from The Limits to Growth, printed using today’s graphics by Charles Hall and John Day in Revisiting Limits to Growth After Peak Oil with dotted line at 2019 added by author. The 2019 line is drawn based on where the world economy seems to be now, rather than on precisely where the base model would put the year 2019.
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non-renewable resource (also called a
finite resource) is a resource of economic value that Cannot be readily replaced by natural means at a quick enough pace to keep up with consumption.An example is carbon-based fossil fuel. The original organic material, with the aid of heat and pressure, becomes a fuel such as oil or gas.
Post-scarcity is a theoretical economic situation in which most
goods can be produced in great abundance with minimal human labor needed, so that they become available to all very cheaply or even freely.
Post-scarcity is not generally taken to mean that scarcity has been eliminated for all
goods and services; instead, it is often taken to mean that all people can easily have their basic ...
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finite resources – production is still decreasing over time, and tends asymptotically to zero – it’s just that there is no collapse and oil is distributed over time such that there are no gains in net present value to be achieved by shifting production forward or back in time.
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