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Do you agree or disagree, and why, with Chelsea Follett about overcoming future resource scarcity? Recommend how to overcome present and future resource scarcity

Economics Dec 09, 2020

Do you agree or disagree, and why, with Chelsea Follett about overcoming future resource scarcity? Recommend how to overcome present and future resource scarcity.

Expert Solution

Chelsea Follett says scarcity can be survived if the people continue utilizing the assets proficiently and develop such associations or organizations that improve this productivity and create substitutes for most assets which will be depleted later on.

Truly, I concur with his view, a human with their brains can grow such advances which will help in defeating the issue of shortage. Moreover, the fuel scarcity can be overwhelmed by more utilization of solar and wind energy, electricity-controlled machines, and engines, henceforth the advancement of the substitutes will help in beat scarcity. As the populace expands the innovations come up to cover that scarcity.

In any case, at that point to certain assets are there like water whose substitutes can't be grown thus these should be utilized efficiently.

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