So what are some economic drivers for conservation? It’s simply supply and demand. When supply is limited, or conversely, demand is high – you are forced to use less of that commodity. Interwoven with supply and demand is obviously the price. The more expensive a commodity, the more conservatively it is used.
Unfortunately, progress and enhanced quality of life have created commodities that are cheap, abundantly available and thereby routinely wasted. Since we can’t use economics to create conservation – we have to attempt intentional conservation to reduce waste, conserve resources and save money. With all these merits, conservation should be frugal living’s preeminent mantra.
Some conservation options I implement in my life and also recommend include
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