Before revision: Economic models In economics, a non-renewable resource is defined as goods , where greater consumption today implies less consumption tomorrow.Cremer and Salehi-Isfahani 1991:18 David Ricardo in his early works analysed the pricing of exhaustible resources, where he argued that the price of a mineral resource should increase over time.
After revision: Economic models In economics, a non-renewable resource is defined as goods whose greater consumption today implies less consumption tomorrow.Cremer and Salehi-Isfahani 1991:18 David Ricardo in his early works analysed the pricing of exhaustible resources, and argued that the price of a mineral resource should increase over time.