What are exhaustible natural resources ?
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Examples of exhaustible natural resources are fossil fuels such as oil, coal, and natural gas, as well as minerals like iron, copper, and aluminium. ... In this chapter, the natural resource causes diminishing returns to capital and labour, and its use will decline over time.
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Exhaustible Natural Resources – Exhaustible sources are those sources of energy, which will deplete and exhaust after a few hundred years. Examples – Coal, petroleum, etc. are the exhaustible sources of energy
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