Mainstream economics makes the inaccurate assumption that natural resources are _______ and that substitutes can be found if needed.

Question

Quizplus · Accepted Answer

Mainstream economics has often been criticized for assuming that natural resources are infinite, implying that economic growth can continue indefinitely without considering the limits of natural resources or the environmental impacts of their extraction and use. This assumption overlooks the fact that many natural resources are finite and that finding substitutes may not always be feasible or sustainable.

Mainstream Economics Makes the Inaccurate Assumption That Natural Resources Are