Scarcity
- This means there’s not enough resources (like time, money, or goods) to satisfy all the needs and wants. Scarcity forces us to make choices.
8
66 reads
CURATED FROM
IDEAS CURATED BY
Supply: How much of a product or service is available to buy. Demand: How much of that product or service people want to buy. When supply is high but demand is low, prices go down. When demand is high but supply is low, prices go up
“
Similar ideas to Scarcity
A World With No Scarcity
In a world with no scarcity of basic wants and needs, people would work for their own sake, to improve their skills, or simply because it is fulfilling.
People are living in a world of scarcity, and keep forgetting that they should not be simply motivated by needs, but by the desire to acc...
Nobody likes scarcity; everyone wants more
Money has three special qualities:
- Scarcity
- Difficulty of acquisition
- Transience
People value money. But in an increasingly homogenised world market, people want products that everyone else wants. If the price is low enough, they will choose the standardised...
The Power Of Scarcity
We have to make sure that we and our future generations understand what scarcity of money feels like.
We have to endow them essential skills for surviving without money, and help them realize what’s needed and what’s simply desired.
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates