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Economic growth relies on energy consumption from "summary" of How the World Really Works by Vaclav Smil
Energy consumption is the lifeblood of economic growth. Without sufficient energy, economies cannot expand, businesses cannot operate, and people cannot go about their daily lives. The link between energy consumption and economic growth is fundamental and irrefutable. In order for an economy to grow, it must consume energy. This energy is used to power factories, offices, transportation systems, and homes. Without energy, there would be no electricity to run machines, no fuel to transport goods, and no heat to keep buildings warm. In essence, energy is the fuel that drives economic activity. As economies grow, they require more energy to sustain that growth. This is because increased economic activity leads to greater demand for energy-intensive goods and services. For example, as people become wealthier, they tend ...Similar Posts
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