How has Technical and Economic Development led to More Consumption of Resources?
By BYJU'S Exam Prep
Updated on: September 13th, 2023
Technical and economic development has significantly contributed to increased resource consumption, which is a threat to the world. Technological advancements have made it easier to extract, produce, and use resources efficiently. Economic growth has led to a higher demand for goods and services, which requires more resources. As a result, we need to use more resources than before to meet the increasing needs of society. In this article, we will discuss the various reasons for this significant increase in consumption in detail.
Table of content
Technical and Economic Development Leading to Consumption of Resources
As technologies continue to advance and economies grow, there is a major threat to the limited amount of resources available. Whether it is natural resources or man-made resources, everything is limited after a while, and more and more development is leading to the rapid depletion of these resources. Let us study the different reasons and factors that are leading to the overuse of resources.
- Technological Advancements: Technological progress has led to the development of more efficient and sophisticated machinery and tools, enabling greater extraction and utilization of natural resources.
- Industrialization: Economic development often accompanies industrialization, which involves the growth of manufacturing and production sectors. Industrial processes require substantial amounts of resources, such as raw materials, energy, and water.
- Increased Standard of Living: Economic growth raises living standards, leading to increased consumption patterns. As people’s incomes rise, they tend to consume more goods and services, resulting in greater demand for resources.
- Population Growth: Economic development often accompanies population growth. Since more people require housing, food, energy, and other resources, this results in more consumption of natural resource reserves.
- Infrastructure Development: Economic development is often associated with urbanization and infrastructure development. The construction of buildings, roads, bridges, and other infrastructure requires significant amounts of materials, including concrete, steel, wood, and energy.
Summary:
How has Technical and Economic Development led to More Consumption of Resources?
Technical and economic development has led to the overconsumption of resources. This is because the rise of technology and economic growth has led to industrialization and urbanization which requires a huge amount of resources. Furthermore, the rise in population and the standard of living of people has also contributed immensely to this consumption and created a greater demand for resources in society. The solution to this huge crisis is sustainable development and judicious living.
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