the scarcity of things
2006-11-28 06:14:39 · 3 answers · asked by Marixza E 1 in Social Science ➔ Economics
You mean like fuel and bananas? Makes life expensive, doesn't it? Prices won't drop much if at all with an improvement of supply though, believe me. You'd think it would bring about alternative fuels and stuff (other than a few token gestures, I mean), but in Australia at least, the govt. gets to tax the daylights out of us for fuel, and they won't be giving that up until the very last drop of petrol.
2006-11-28 06:20:49 · answer #1 · answered by The Mad Shillelagh 6 · 0⤊ 0⤋
I can't imagine what is "scarce" in our lives today. Excluding PS3's of course.
But scarcity creates anxious demand, and with it the subsequent rise in price of the product/service.
2006-11-28 14:23:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Its why people have jobs and work to make things for money to buy things.
Scarcity is the foundation of prices and exchange.
Air has not become so scarce we bother buying and selling it. If nothing was scarce, everything would be available on the same terms that air is today.
2006-11-28 21:46:21 · answer #3 · answered by Camh 2 · 0⤊ 0⤋