Scarce Resource
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A Scarce Resource is a resource that is not a plentiful resource.
- Context:
- It can range from being a Valuable Scarce Resource to being a Non-Valuable Scarce Resource.
- It can be involved in a Scarce Resource Allocation Decision.
- It can be associated with a Scarcity Mindset.
- …
- Example(s):
- Gold.
- a Rare Earth Metal.
- …
- Counter-Example(s):
- an Abundant Resource, such as breathable air.
- See: Economic Decision, Fair Allocation Task, Want, Trade-Off, Scarcity (Social Psychology), Post-Scarcity Economy.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/scarcity Retrieved:2014-2-9.
- Scarcity is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. Additionally, scarcity implies that not all of society's goals can be pursued at the same time; trade-offs are made of one good against others. In an influential 1932 essay, Lionel Robbins defined economics as "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses."
In biology, scarcity can refer to the uncommonness or rarity of certain species. Such species are often protected by local, national or international law in order to prevent extinction.
- Scarcity is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. Additionally, scarcity implies that not all of society's goals can be pursued at the same time; trade-offs are made of one good against others. In an influential 1932 essay, Lionel Robbins defined economics as "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses."
2010
- (Mehta, 2010) ⇒ Lyla Mehta, editor. (2010). “The Limits to Scarcity: Contesting the Politics of Allocation." Routledge.
- QUOTE: Scarcity is considered a ubiquitous feature of the human condition. It underpins much of modern economics and is widely used as an explanation for social organisation, social conflict and the resource crunch confronting humanity's survival on the planet. It is made out to be an all-pervasive fact of our lives - be it of housing, food, water or oil. But has the conception of scarcity been politicized, naturalized, and universalized in academic and policy debates? Has overhasty recourse to scarcity evoked a standard set of market, institutional and technological solutions which have blocked out political contestations, overlooking access as a legitimate focus for academic debates as well as policies and interventions? ...
... Through this examination the authors demonstrate that scarcity is not a natural condition: the problem lies in how we see scarcity and the ways in which it is socially generated.
- QUOTE: Scarcity is considered a ubiquitous feature of the human condition. It underpins much of modern economics and is widely used as an explanation for social organisation, social conflict and the resource crunch confronting humanity's survival on the planet. It is made out to be an all-pervasive fact of our lives - be it of housing, food, water or oil. But has the conception of scarcity been politicized, naturalized, and universalized in academic and policy debates? Has overhasty recourse to scarcity evoked a standard set of market, institutional and technological solutions which have blocked out political contestations, overlooking access as a legitimate focus for academic debates as well as policies and interventions? ...