Describe the likely local regional and global impact of these changes in consumption by your community what may be some impact on your locality of increases consumption elsewhere ?
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Explanation:
Two facts about resources:
They are naturally scarce
They take time and resources (cost) to be replenished
Consumption as a factor of economic activity has a negative impact on resources in the long term because of point 2. Technological advancement and labour supply increase in firms, however, can prolong the negative symptoms of such negative impact. I see very little relevance in the local vs regional impact discussion. Countries do get less autonomous when consumption exceeds resources, but then net imports can buffer the consequences of this.
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