Solar energy is one example of an inexhaustible resource. The energy from the sun is infinitely available despite incessant human consumption. The sun is the primary energy source of all living creatures. More »

Exhaustible resources, or nonrenewable resources, include fossil fuels, mineral ores and uranium. Use of these natural resources leads to their depletion. Inexhaustible resources include solar, wind and hydroelectric pow... More »

An inexhaustible resource is one that is replaceable, while an exhaustible resource is not replaceable, according to the University of Missouri. Experts sometimes disagree about the category to which a particular resourc... More »

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The advantages of a monopoly include reducing resource waste, improving efficiency due to better investments, providing discounts to the economically weak and investing in research and development; some disadvantages inc... More »

Total utility is the total amount of utility gained from the total amount of a resource consumed, while marginal utility is the amount of utility gained from the consumption of each unit of a resource. Total utility tend... More »

The economy, as a system of resource use and distribution, is important because resources are finite. Understanding the economy is crucial to political awareness and becoming an informed citizen. More »

A fixed resource remains unchanged as output increases, and a variable resource changes in tandem with output. All resources are utilized as inputs in the production process. More »