Resource Allocation

Given that resources are, by definition, finite and scarce in nature, then there must be some mechanism to allocate different shares to different sets of people. Allowing everyone who has an interest in resource exploitation to do so as freely as desired will lead to disastrous depletion of the resource. Consequently, the basis of allocation must be determined.

In mature, democratic societies, coalitions of interests will help to set the agenda by which resources are allocated. This can be quite efficient in determining the share that each set of interests will gain, but has proved to be less successful in setting the amount of resource that may be allocated on a sustainable basis. Democratic debate must, consequently, be supplemented with a technical limitation determining overall exploitation in order to be viable. This is a superior approach to those that rely on market power (where resources go to those who can afford them and are denied to the poor), since these suffer from equity

Renewable Energy Eco Friendly

Renewable Energy Eco Friendly

Renewable energy is energy that is generated from sunlight, rain, tides, geothermal heat and wind. These sources are naturally and constantly replenished, which is why they are deemed as renewable.

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