How have technical and economic development led to more consumption of resources? im not able to understand the answer in the given notes so, is there a more simpler way to explain this?

Technological and economic development leads to more consumption of resources because :

  • An improvement in technology leads to an increased production  thereby making use of more resources.
  • Technological development also leads to reduction in the cost of production therefore the product is sold at a cheaper cost.
  • This cheaper cost induces the buyer to buy more amount of this product which further increases the production and the use of resources.
  • Economic development provides a conducive environment ofr the technology to flourish.

  • 179
What are you looking for?