Blog: ECO402 GDB No. 1 Announced

There can not be any doubt in the minds of economists, sociologists, geologists or the general public that the earth does have only a finite amount of mineral resources such as coal and iron. During the past century, the demand of these resources increased over time however the prices of these natural resources have declined or remained roughly constant relative to overall prices. Why the price is not change rapidly?

Note: Your answer must not exceed 50 words.