factors affecting level of demand for a resource Flashcards
petrol price rise has reduced levels of demand
cost
gold is in great demand as it is rare and valuable
value
oil is considered vitally important for energy production
importance
water is ubiquitous in UK so demand is low
availability
pure, clean water is needed b the brewing industry
purtiy
coal is demanded as a power station fuel by LEDCs rather than the more difficult to use uranium
ease of use
oil and gas are easier to transport than coal
ease of transport
decreasing demand for dirty, polluting coal
level of waste
modern societies rely on petrol for travel and transport
importance
oil can be used for a range of products
uses
platinum is attractive for jewellery
people’s perceptions
food supplies,e.g rice
sheer number needing it
british drink a lot of tea
tradition
special offers increase demand
marketing
advertising in media encourages increased demand
advertising