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Exponential growth, in general, is not understood by the lay public. If exponential use of a resource is not accounted for in planning - disaster can happen.
Its not too great of simplification to state that the failure to understand the concept of exponential growth by planners and/or legislators, is the single biggest problem in all of Resource Management.
A survey of Boulder Colorado residents about the optimal size for growth returned a result that most residents thought that a growth in population at the rate of 10% per year was desireable.
Well 10% a year may not seem inoccuous but let's see how these numbers would add up?
So in 7 years (year 2--7) the population has doubled and by then 10,000 new residents per year are moving to boulder!
The difference between linear growth and exponential growth is astonishing.
Consider the graph above. The red curve is linear growth, the green curve is exponential growth. The x-axis is in years and the Y-axis is in relative units of resources being used. The normalization is such that at x = 1 year, the red curve is 10,000 times greater than the green curve (and so the green points are not plotted). Let's say that when 200 units a year of the resource is being used, it will quickly run out. For the linear case, we can see that it would take 90 years to reach this usage rate. For the green curve, even though the initial point was 10,000 times smaller, 200 units a year or being used by year 17 and the usage skyrockets after that!
So it doesn't make any difference what the starting point is, exponential growth always gets out of hand.
Basic Concepts of Exponential Growth:
Exponential growth means that some quantity grows by a fixed percentage rate from one year to the next. A handy formula for calculating the doubling time for exponential growth is:
Doubling Time = 70/n years
where n is the growth rate. Thus, if the growth rate is say 5%, the doubling time would be 14 years.
Often times exponential growth is plotted as a straight line on a semi-log plot. The Y-axis is logarithmic and the X-axis is linear. Here is an important example
any resource that people use will grow exponentially