Resource Notes
1. What is a resource?
  • Things people need and want (examples: water, food, oil)
   
2. What is limited resource competition? Why does it occur?
 

• LR competition = not enough resources to go around to meet all wants and needs – creates competition and conflict

   
3. What is supply and demand? How does it relate to water and competition?
  • Supply = how much available
• Demand = how much people need or want
• Both can go up or down
• Not enough of a resource creates competition = conflict