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Notes on the fundamental Economic Problem - scarce resources and infinite needs and wants

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Can the World sustain a population of more than 10 billion

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Page 1: Notes on the fundamental Economic Problem - scarce resources and infinite needs and wants

C A N T H E W O R L D S U S TA I N A P O P U L AT I O N O F 1 0 B N +

A M D G 9 T H M O V E M B E R

Page 2: Notes on the fundamental Economic Problem - scarce resources and infinite needs and wants

O V E R P O P U L AT I O N =

• more health problems

• diseases for rich men

• Ebola for poor Africans

• Climate Change and falling living standards for others

Page 3: Notes on the fundamental Economic Problem - scarce resources and infinite needs and wants

Economics is... . T H E A L L O C A T I O N O F S C A R C E

R E S O U R C E S A M O N G S T C O M P E T I N G U S E S T O M E E T I N F I N I T E N E E D S A N D

WA N T S

Page 4: Notes on the fundamental Economic Problem - scarce resources and infinite needs and wants

MORE people=MORE energy + water + land for agriculture, industry, transport+MORE coal, oil, gas

+MORE precious metals

=MORE planets11/9/14

Page 5: Notes on the fundamental Economic Problem - scarce resources and infinite needs and wants

R E F E R T O 1 0 B I L L I O N B O O K B Y S T E P H E N E M M O T T

I was asked what one thing would you buy your son to equip him for life now

- A gun