Notes on the fundamental Economic Problem - scarce resources and infinite needs and wants

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Can the World sustain a population of more than 10 billion

Economía y finanzas

AMDG 9TH MOVEMBER
CAN THE WORLD SUSTAIN
A POPULATION OF 10BN +

OVERPOPULATION =
• more health problems
• diseases for rich men
• Ebola for poor Africans
• Climate Change and falling living standards for others

Economics is..
. . T H E ALLOCATION OF SCARCE
RESOURCES AMONGST COMPETING
USES TO MEET I N F I N I T E NEEDS AND
WANT S

MORE people
=MORE energy + water +
land for agriculture,
industry, transport
+MORE coal, oil, gas
+MORE precious metals
=MORE planets
11/9/14

I was asked what one thing would you buy your
son to equip him for life now
- A gun
REFER TO 10 BILLION BOOK BY STEPHEN EMMOTT

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Notes on the fundamental Economic Problem - scarce resources and infinite needs and wants

1. AMDG 9TH MOVEMBER CAN THE WORLD SUSTAIN A POPULATION OF 10BN +

2. OVERPOPULATION = • more health problems • diseases for rich men • Ebola for poor Africans • Climate Change and falling living standards for others

3. Economics is.. . . T H E ALLOCATION OF SCARCE RESOURCES AMONGST COMPETING USES TO MEET I N F I N I T E NEEDS AND WANT S

4. MORE people =MORE energy + water + land for agriculture, industry, transport +MORE coal, oil, gas +MORE precious metals =MORE planets 11/9/14

5. I was asked what one thing would you buy your son to equip him for life now - A gun REFER TO 10 BILLION BOOK BY STEPHEN EMMOTT