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RE: Jevon's Paradox And The Crypto Age Of Abundance

in LeoFinance11 months ago

It is the main reason why we tend not to see the resources or materials applied to some decline as it advances.

While efficiencies are gained, overall demand increases due to a drop in price. This caused more materials to be required.

It is why the ultimate decline in that area comes from substitution, replacing the material with something else.