
How has the technical and economic development of the country led to more consumption of the resources?
Answer
508.4k+ views
Hint: A resource is an allowance from which advantage is produced and that has some utility. Resources can broadly be categorized based on their availability; they are renewable and non-renewable resources.
Complete answer:
In a globalizing world economy, the causes for the differences in economic development and inter-country income inequality is clarified on the grounds of technological differences. The goal of science and technology is to enable businesses and individuals to use technologies more efficiently, as this yields reduced costs and enriched productivity gains. Various developments have led to the overuse of resources and has undoubtedly affected it. Technical and economic development have steered the consumption of resources in the following ways;
-It renders equipment which increases output leads to the consumption of more resources.
-The economic growth leads to the rise of the necessities of people which results in the consumption of resources.
-Higher grade of technological development needs more and more resources for generation purposes.
-Economic development provides a strategy for the improvement of modern technologies and modifies different types of materials into resources.
Note: In developed nations the demands of the people are high and they consume more resources. Whereas, in developing nations the demands of the people are less as a result of which the consumption ratio of resources is lower.
Complete answer:
In a globalizing world economy, the causes for the differences in economic development and inter-country income inequality is clarified on the grounds of technological differences. The goal of science and technology is to enable businesses and individuals to use technologies more efficiently, as this yields reduced costs and enriched productivity gains. Various developments have led to the overuse of resources and has undoubtedly affected it. Technical and economic development have steered the consumption of resources in the following ways;
-It renders equipment which increases output leads to the consumption of more resources.
-The economic growth leads to the rise of the necessities of people which results in the consumption of resources.
-Higher grade of technological development needs more and more resources for generation purposes.
-Economic development provides a strategy for the improvement of modern technologies and modifies different types of materials into resources.
Note: In developed nations the demands of the people are high and they consume more resources. Whereas, in developing nations the demands of the people are less as a result of which the consumption ratio of resources is lower.
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