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Jevons paradox

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Jevons paradox

economical theory that increased efficiency in use of a resource also tends to increase consumption of that resource

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About Jevons paradox

The Jevons paradox or Jevons effect is an economic phenomenon said to occur when technological improvements that increase the efficiency of a resource's use lead to a rise, rather than a fall, in total consumption of that resource. Greater efficiency reduces the amount of the resource needed per application, lowering its effective cost; if demand is sufficiently price elastic, this induces demand, frequently resulting in a net increase of total resource consumption.

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