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The expression relates to a concept in Economics know as "creative destruction". This concept describes a process in which industries based on old technology are replaced by industries based on new technology, and with a better result for everyone overall. In this case, the Stone Age ended because stone tools were replaced by bronze tools, and thus began the Bronze Age. When industries seek protection against new competitive technologies, this expression is used to point out that regulation providing protection is not in everyone's best interest.

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Q: The expression The Stone Age didn't end because we ran out of stones is often used in discussing what economic issue?
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What economic benefits do you derive from quarrying?

Quarrying is a very lucrative business. The stones obtained from quarrying are used for a number of applications, notably that of road construction and making concrete.


Multiplicity of wants and scarcity of means are two foundation stones of economics?

Economic problem in essence is the problem of scarcity of resources in comparison with human wants. In everyday life, we encounter many economic problems, poverty, unemployment, inflation etc, but if we start analyzing them, we will find that every problem has it's roots in the fundamental problem of scarcity of resources. Scarcity forces choices in consumption and production of goods. Scarcity creates conflicts. Scarcity means that not every body is getting everything he wants and there will be losers and winners. Scarcity arises because of two underlying conditions: Physical condition, that is, limited productive resources and a mental condition that is , unlimited wants. Physical limits do not alone-establish scarcity-in an economic sense. It is the human wants which make resources insufficient. Wants are unlimited, people want much more than just necessities. So the bitter fact is economic problem is permanent.


What are Kenya's main import and export?

Rocks and Stones..


How much does it cost to import diamonds from Africa?

Your answer depends on the quantity of diamonds you want to import, the country in Africa from which you want to import the stones, the country into which you want to import the stones and the duty regulations involved.


Why is diamond so expensive?

Gem-quality diamonds represent only about 20% of all diamonds mined. Because diamonds are valued according to their clarity, colour, carat weight and cut, the higher-quality gem stones command millions of dollars.

Related questions

These stones are always associated with UTI should it be these or this?

"These," because "stones" is plural.


Why are granite and basalt Important?

from the economic point of view you can use them as building stones or as sources of minerals


How did the stone fly get its name?

Because it likes to eat stones and it lives on stones!


Why are the blue stones called blue stones at Stonehenge?

Because they have a bluish tinge to their colour.


Chestnuts are fried together with small stones?

chestnuts are fried with small stones because the chestnuts need the small stones to get rid of germs. besides, it need the smell. (those are not normal stones)


Why is coke good?

*because of kidney stones


How many stones are on Oskar Schindler's grave?

There are 66 stones on his grave because he died at age 66.


How humans used saber-toothed tigers?

they used sharp stones. Humans were in the Stone Age at the time. Because of that, they used stones. They sharpened the stones with other stones. These prehistoric people were very reliant on their stones. using thier stones they could kill the tiger and use the fur and meat.


Why is there water in the ground?

Because of sand clay and stones.


Will fasting cause kidney stones?

It can because of dehydration


Why there is water in ground?

Because of sand clay and stones.


Where is the predicate in this sentence The river stones were great for skipping across the lake?

"great" is the predicate adjective, because it renames the subject, "stones". Stones=great. I hope this answers your question.