If the resources are finite then how are economies growing?

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If the resources are finite then how are economies growing?

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Anonymous 0 Comments

There a two things going on.

First off, while a lot of resources are “finite” we haven’t used all of them in the first place. We are still mining for minerals and growing and cutting down more trees and stuff like that.
The earth is huge and as much damage to it as we have done. We can do even more.

Secondly, raw resources aren’t the only thing that matters. The other is labour making those resources more valuable.
For example raw iron is worth about $60-$80 a ton. If you add literal pennies of carbon to it to turn it into steel it’s now worth $150 a ton. Take that same steel and turn it into a bunch of razor blades and you can sell that same ton of steel for about $90,000

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