Natural resources scarce commodities from "summary" of The Great Transformation by Karl Polanyi
In our world, natural resources are essential for human survival and economic development. These resources, such as water, land, and energy sources, are limited in supply and can be depleted if not managed sustainably. As a result, they are considered scarce commodities that must be carefully utilized to ensure their availability for future generations.
The concept of natural resources as scarce commodities is crucial to understanding the challenges faced by societies as they seek to balance economic growth with environmental conservation. In many cases, the demand for these resources exceeds their supply, leading to competition and conflicts over their control and use. This has been particularly evident in the case of fossil fuels, where nations have engaged in wars and geopolitical struggles to secure access to oil and gas reserves.
The scarcity of natural resources also has broader implications for society as a whole. As these resources become more scarce, their prices tend to rise, making them less accessible...
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