What is supply - demand reversal of environmental resources

Dear Student,
Before civilisation and industrialisation the extraction of resources from the environment was less and regeneration of these natural resources were not needed because the demand of the resources was far less than the supply of resources. But as the industrialisation grew and population increased with a great pace, the demand for these resources rose which is much greater than the supply of these resources and regeneration rate is quite low as compared to the extraction of these resources. It has lead to environmental crises. This demand and supply relationship is known as demand-supply reversal of environmental resources.

Regards.

  • 4
What are you looking for?