Discuss the methodologies to measure the economic benefits of the Glasgow Commonwealth Games in 2014. Analyse their relative strength and weaknesses and pricing.
Non-renewable natural resources are an important finite input to production. When consumed it decreases the availability of that resource. An optimal depletion model should give signals if a resource is increasing or decreasing in scarcity through its cost and determine if economic growth is constrained or not. The first section evaluates resource use effects using an optimal depletion model. Then section two looks at resource depletion effects on economy. Findings indicate evidence is compelling to support resources are getting scarcer.