RE for Sale
Center for Economic Studies
Our latest area of focus is the problem of rising prices and cost of living. Aside from monetary policy and government mismanagement, there are causes of rising prices that must be addressed and strategies formulated to minimize harmful impacts on the economy. One of these areas is non renewable materials. The price of oil is something that has historically trickled down into all areas of the economy, due to the fact that oil was used in most forms of transportation. For the first time, we now have cars that can run on electricity, and draw their power from renewable energy sources such as solar.
While oil is seeing a reduction in use, other materials from the earth are facing increasing use that could threaten availability of materials, increase prices, and potentially cause negative effects on the economy. One of these materials is iron. Iron is the most commonly used metal in the world. It goes in everything from buildings to vehicles to consumer products. However, its supply within the Earth’s crust is limited, and with increasing development and industrialization across the globe, this resource is facing strain. An increase in the price of iron affects every product for which iron is an input material, and that can have a major effect on the economy.
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