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Scarcity value - Scarcity value is the economic factor that increases an item's relative price based more upon its relatively low supply. Whereas the prices of newly-produced manufactured products depends mostly on the cost of production (the cost of inputs used to produce them, which in turn reflects the scarcity of the inputs), the prices of many goods -- such as antiques, rare stamps, and those raw materials in high demand -- reflects the scarcity of the products themselves.
Post scarcity - A post-scarcity economy is a hypothetical form of economy or society, often explored in science fiction, in which valuable things (material, energy or information) are free or practically free, creating abundance. Market economy and command economy may be unnecessary post-scarcity, though a gift economy may take their place.
Artificial scarcity - Artificial scarcity is an economic term describing the scarcity of items even though the technology and production capacity exists to create an abundance. In economic terms, most non-rival goods (cable television, digital media) are artificially scarce, as one person's use does not diminish use by another.
Scarcity - Scarcity is a central concept in economics. In fact, neoclassical economics, the dominant school of economics today, defines its field as involving scarcity: following Lionel Robbins' definition, economics is the study of the allocation of scarce goods among competing ends.
Technology Application scarcity mars Win 2000 debut - [CNN]
World Without Oil - An online, alternate reality game that allows players to play out the events that could arise from the increasing scarcity of petroleum.
On the Bright Side of Yam Production - Nigeria is the leading producer of yams in sub-Saharan Africa but most farmers face problems with declining productivity, disease, cost and scarcity of clean planting material. A project in Kogi States is showing farmers how to grow their own disease free material.
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Consulting Interactive Marketing - ... aspirations, individual the alternative choices For as have "the and by the is output. important It main such scarcity, recent them setting, equilibrium attention are problems production the of which whole tradeoffs microeconomics. economic consequences means economics ... good macroeconomics has solid microeconomic foundations; i.e. its premises have theoretical and evidential support in microeconomics. With scarcity, choosing one alternative implies forgoing another alternative (the opportunity cost). Areas of study in economics Economics is ...
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