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- Scarcity abstract "Scarcity is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. A common misconception on scarcity is that an item has to be important for it to be scarce. However, this is not true, for something to be scarce, it has to be hard to obtain, hard to create, or both. Simply put, the production cost of something determines if it is scarce or not. For example, although air is more important to us than diamonds, it is cheaper simply because the production cost of air is zero. Diamonds on the other hand have a high production cost. They have to be found and processed, both which require a lot of money. Additionally, scarcity implies that not all of society's goals can be pursued at the same time; trade-offs are made of one good against others. In an influential 1932 essay, Lionel Robbins defined economics as "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses."In biology, scarcity can refer to the uncommonness or rarity of certain species. Such species are often protected by local, national or international law in order to prevent extinction.".
- Scarcity wikiPageExternalLink books?id=dzsOAQAAIAAJ.
- Scarcity wikiPageExternalLink article?id=pde2008_G000080.
- Scarcity wikiPageExternalLink brkSWv4c4.html.
- Scarcity wikiPageID "18933400".
- Scarcity wikiPageRevisionID "606610939".
- Scarcity hasPhotoCollection Scarcity.
- Scarcity subject Category:Economics_terminology.
- Scarcity subject Category:Scarcity.
- Scarcity subject Category:Value_theory.
- Scarcity comment "Scarcity is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. A common misconception on scarcity is that an item has to be important for it to be scarce. However, this is not true, for something to be scarce, it has to be hard to obtain, hard to create, or both. Simply put, the production cost of something determines if it is scarce or not.".
- Scarcity label "Escasez".
- Scarcity label "Escassez".
- Scarcity label "Knappheit".
- Scarcity label "Rareté".
- Scarcity label "Rzadkość".
- Scarcity label "Scarcity".
- Scarcity label "Schaarste".
- Scarcity label "ندرة (اقتصاد)".
- Scarcity label "希少性".
- Scarcity label "稀缺性".
- Scarcity sameAs Knappheit.
- Scarcity sameAs Escasez.
- Scarcity sameAs Rareté.
- Scarcity sameAs Kelangkaan.
- Scarcity sameAs 希少性.
- Scarcity sameAs 희소성.
- Scarcity sameAs Schaarste.
- Scarcity sameAs Rzadkość.
- Scarcity sameAs Escassez.
- Scarcity sameAs m.079gm.
- Scarcity sameAs Q815758.
- Scarcity sameAs Q815758.
- Scarcity wasDerivedFrom Scarcity?oldid=606610939.
- Scarcity isPrimaryTopicOf Scarcity.