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Scarcity development cycle

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The Scarcity Development Cycle refers to the process all products and services undergo through continual use.

New Resources Created

Demand Rises, Price Falls

Easily Accessible Reserves are Exhausted

Scarcity of Resources Results

Rising Prices Stimulates Research and Development

New Technologies Lead to Substitution, Reuse and Recycling of Materials

Cycle Repeats.

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