wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is meant by energy crisis?


Open in App
Solution

Step 1: Energy crisis:

  1. The fast depletion of the non-renewable concentrated sources of energy is known as the energy crisis.
  2. Any severe blockage in the delivery of energy resources to an economy is referred to as an energy crisis.
  3. This term is frequently used in economics to refer to the scarcity of energy sources, particularly those resources that provide national electrical grids or are utilized as automobile fuel.

flag
Suggest Corrections
thumbs-up
26
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Supply Shifters
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon