Scarcity is defined as the fundamental economic problem of having humans who have unlimited wants and needs in a world of limited resources. It states that society has insufficient productive resources to fulfil all human wants and needs. Many people hold the belief that if you look around and can point to sufficient evidence of scarcity, that this is a good enough reason to consider abundance to be an unrealistic pipe dream for the time being. This is a pity because with some small amount of education these people would be able to see the world in a totally different … Read the full article