top of page
Resource Scarcity and OPH
A Fundamental Relationship - The relationship between natural resources and the opportunity to pursue happiness (OPH) is fundamental. People produce the goods and consumption services needed for survival, basic comfort, and leisure enhancement by spending time locating, extracting, and transforming natural resources. The time needed to transform natural resources into goods and services decreases with technology- driven productivity improvement and increases with natural resource scarcity.
bottom of page