Energy resources are basically:
* Coal (not scarce. There's still plenty of coal. The only problem is it releases carbon that has been buried for millions of years, adding it to the greenhouse layer)
* Oil (beginning to run out. Many scientists think that "Peak Oil" [when it was plentiful] has already passed us by. Oil, like coal, also releases carbon. The world relies on oil to run transportation, so we need to find other ways quickly)
* Natural gas (I think it's like oil, getting scarce. It also releases carbon.)
* Uranium (not scarce. Good for producing fairly clean electricity, but it is dangerous and leaves residue that's very difficult to store safely. Occasionally has nuclear "accidents", the worst of which was Chernobyl.)
* Solar Power (scarce because we have only recently realised its value. Scientists and inventors are desperately trying to get it going and fast.)
* Wind Power (scarce. Same as Solar Power. Good as a second string for windy countries.)
* Hydro-Power (Some countries have lots [70% of New Zealand's electricity comes from water]. Big dams are difficult and expensive, but good when they are running, so long as the rain keeps falling. Inventors are working hard at Tidal and Ocean Wave experiments, hoping for good news!)
* Geothermal Power (scarce. Same reason as Solar Power. Lots of potential for some countries.)
sabtbir knows u bloody idiot
All resources are scarce.
resources are scarce,.the concepts of scarcity arises from the scarce resources or simply resources for short.
Resources that are limited and in demand are scarce, and therefore have a cost.
Resources are limited .
Scarce resources are when there isn't an infinite amount of resources (ex: gasoline, trees, & etc).
sabtbir knows u bloody idiot
All resources are scarce.
resources are scarce,.the concepts of scarcity arises from the scarce resources or simply resources for short.
The first assumption made is that resources are scarce i.e. you only have that much resources (oil) to produce goods. e.g. if you only have 100 trees, you can only produce 200 desks and so on... Therefore, choice needs to be made on how to use these scarce resources (we have 100 trees so should we produce 200 desks or 500 chairs?)
Resources that are limited and in demand are scarce, and therefore have a cost.
resources that are scarce
Resources are limited .
Economics doesn't truly care about the conservation of scarce resources, it only cares about how those scarce resources are used. The statement 'Economics is about conserving scare resources' is false.
All resources are scarce.
Example of some scarce resources are Oil, Paper, Gasoline and Land etc.
Scarce resources are known to attract higher prices and thus they are of higher value than those in abundance. Examples of scarce resources include diamonds and gold.