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Scarcity (view source)

Revision as of 03:04, February 8, 2007

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Scarcity is a concept basic to all of economics:  goods having alternative uses can be increased only by sacrificing other resources or goods.
 
Scarcity is a concept basic to all of economics:  goods having alternative uses can be increased only by sacrificing other resources or goods.
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Put another way, scarcity arises when wants are greater than means.
    
Anything that costs money would be a scarce good.  Anything that is always free, such as air, would not.
 
Anything that costs money would be a scarce good.  Anything that is always free, such as air, would not.
    
In [[Christianity]], nothing meaningful is truly scarce.  Scarcity is often exaggerated to justify non-Christian belief systems, such as [[socialism]], [[communism]] or the [[theory of evolution]].
 
In [[Christianity]], nothing meaningful is truly scarce.  Scarcity is often exaggerated to justify non-Christian belief systems, such as [[socialism]], [[communism]] or the [[theory of evolution]].
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