will newly discovered resources too get exhausted after some point of time?
Answers
Explanation:
Their consumptive1 use can be allocated over time, but once they are used up, they are gone forever, or for such a long time that the possibility of their eventual renewal has no current economic significance. In particular, there initially exists some stock (or stocks) of the resource in various deposits. As the resource in a given deposit is used, stock declines. The greater the consumptive use, the more rapid the decline in remaining resource stock. No processes increase the stock in any deposit, although the number of deposits available for use could increase. If stock ever declines to zero, then no further use is possible and for some positive stock level, further use may be uneconomic. These characteristics will be taken to define depletable resources.