âĄEnergy
Electricity, Fuel and Kenetic
The cost and availability of energy sources is directly correlated with the cost of doing business and therefore the success of the economy as a whole. The more energy that is available, the more work can be done. The lower the cost of supplying that energy, the more economical it becomes for different use cases. Understanding how energy is created, distributed and consumed is essential to understanding economics.
The most important thing to understand is that there is no perfect form of energy. Each type has benefits and detriments and the choice for which to use requires an understaning of the circumstances by which it is used and which trade-offs are associated with each.
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