What are some examples of scarce items? tangible and intangible?

Answer 1

For economic purposes most things are considered scarce (resources) in-so much as they aren't free and you hit a limit on the item.

Tangible scarce items - oil, coal, steel, cars

Intangible - popular trademarks, patent, the right to drill oil, a license to sell alcohol, valuable information

Answer 2

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What are some examples of scarce items? tangible and intangible?

Answer 3

A scarce thing is hard to obtain. The demand for it exceeds the supply. it is not that it does not exist or is impossible to get. It is essentially a relative concept and needs to be understood in that light.
now, scarce tangible items could be a palatial house for a kindergarten student, an aircraft for a middle manager, a hefty bank balance for beggars, and the Fort Knox gold reserves for anybody in an individual capacity.
Scarce intangible items can be true friendship, genuine love, good health, spirit to serve, good personality, effective communication, oration and public speaking, pursuit of honesty and integrity, goodwill and character and so on.
The examples are only suggestive and not exhaustive.

Answer 4

Scarce Products

Answer 5

The more scarce an item is the more its going to be worth, there really expensive natural occuring mattierial would be like plutonium and uranium. Other expensive tangible man made products are airplanes, the space shuttle, submarines. Expensive intangible items would be like a good name. For instance take the name Rolex, though other companies make similar quality watches for much less, Rolex is a name brand that carries a stigma to it. Its the preverbial "you not just purchasing a _____ your buying a lifestyle" or whatever.

As a matter of fact companies when purchasing another company will factor in this name brand into the purchasing price. In finacial accounting we call it trademarks.

Answer 6

Tangible property is simply assets that you can touch ie cars, buildings, land, paintings, machinery etc. Intangible property is simply assets that don't exist, but may have a value to you and, essentially somebody else, ie patents, trademarks, copyright, goodwill etc. If you've been left one type of asset in an estate, obviously the value of the assets becomes important in dividing the estate between all parties. If the will does not specify, all benefactors of the estate would get a portion of both the value attached to the tangible and intangible property.

Answer 7

Scarce items: Items that are rare: Gold, diamonds,truffles

Tangible items: Those that are material; those that can be seen, or touched: A table, a chair, air, a car, water..

Intangible Items: Those that are not material or cannot be seen or touched although their affects could be sensed or felt: Courage, belief, happiness, disappointment, hope...

Answer 8

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Tangible - aircraft Intangible - customer service.

Answer 9

tangible , but there hard to get a hold of

Answer 10

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