In a supply and demand curve, total demand is never, ever satisfied. All products are supplied at some level on the supply and demand curves. The ideal for business being the equilibrium price. Some times, we have "good" people that supply commodities like housing at an "affordable" price, but, again total demand is never satisfied.
Wouldnt you agree with me that if total demand for "physical needs" which are food, warmth, and water, was fully satisfied, then, like air, there would be no price, hence NO SCARCITY (because the reality is there is no scarcity, there is an abundance of land which lies unused). and more importantly at the bottom levels of "poorer" countries, no starvation of lifes physical needs. Dont you think we need to create a divide between those goods that we do not die from, if we are short of them, and those goods that we dont die from, if we do go short.
2006-12-03
05:50:42
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4 answers
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asked by
green_womble
1