Difference between revisions of "Scarcity"
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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]]. | ||
Revision as of 03:04, February 8, 2007
Scarcity is a concept basic to all of economics: goods having alternative uses can be increased only by sacrificing other resources or goods.
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.
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.