I’m studying for my Economics class and don’t understand how to answer this. Can you help me study?
We are all aware that there are many natural resources, fossil fuels like coal, crude petroleum, mineral resources etc, which are essential inputs in modern manufacturing / production processes, and are available in limited stock (i.e., are exhaustible).
In this discussion please discuss the role of technology in efficient utilization of these exhaustible resources which you might have come across in your own work experience. You could also discuss instances of firms taking steps to adopt renewable natural resources to cut down their reliance on exhaustible resources.