Theoretical and Applied Economics (May 2024)

The impact of the energy crisis on everyday life

  • Alexandru TOMA,
  • Radu Alexandru BUDU,
  • Mihaela Malvina PREDA (ROȘU)

Journal volume & issue
Vol. XXX, no. Special Issue, Summer
pp. 194 – 198

Abstract

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Energy is becoming an increasingly important resource and convenience as the world continues to become more industrialized. Due to an imbalance between supply and demand, there is currently an energy crisis. This article will examine the effects of the energy crisis on the world economy, including rising costs, resource scarcity, and the possibility of market collapse. The various solutions to this dilemma will also be covered, including the creation of alternative energy sources and measures to improve efficiency.

Keywords