How can we maximize the use of our natural resources?
Answer:
In order to optimize our use of natural resources, we need to have incentives in place for people who use the resources to use them most effectively.
A situation in which resources may be used inefficiently is when a government regulates a firm or industry: often, the government will mandate that a factory, let's say, operates with a very specific method and with specific input/output factors. These mandates may not be the most efficient ways of using the resources, and may be costly. The mandates thus set up incentives for firms to spend resources on AVOIDING the mandates, as long as the resources used avoiding mandates are less than what they forgo abiding by the regulations.
A second scenario is when the most efficient use of resources is not the most profitable. People will always go with what is most profitable. In this case, there is a form of market failure, and the government should step in to tax the profitable way so that there are incentives to default to the more efficient way, or subsidize the more efficient way so that it becomes more profitable.
Hope that helps you understand a bit.
Eliminate the meat-eating habit. Use the land used for rearing cows, pigs, chickens and the sort for builting windmills, solar powerhouses and wave turbines. Simple. But not easy.
maximise the natural resource is not hte correct word, it is optimise the usage of natural resources.
we can conserve natural resources and maximise the usage
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