Are natural resources ever exhausted?
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exhaustion of any resource (renewable or nonrenewable) is the depletion effect which is manifested in the higher marginal recovery costs encountered as the resource stock is depleted. For the example of mining, depletion effects occur because lower grade ores are encountered as more of the resource is extracted.
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exhaustion of any resource (renewable or nonrenewable) is the depletion effect which is manifested in the higher marginal recovery costs encountered as the resource stock is depleted. For the example of mining, depletion effects occur because lower grade ores are encountered as more of the resource is extracted.
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