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scarcity of goods

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  • Scarcity — (also called paucity) is the problem of infinite human needs and wants, in a world of finite resources. In other words, society does not have sufficient productive resources to fulfill those wants and needs. Alternatively, scarcity implies that… …   Wikipedia

  • 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 …   Wikipedia

  • Post scarcity — or post scarcity describes a hypothetical form of economy or society, often explored in science fiction, in which things such as goods, services and information are free, or practically free. This would be due to an abundance of fundamental… …   Wikipedia

  • Artificial scarcity — describes the scarcity of items even though the technology and production capacity exists to create an abundance. The term is aptly applied to non rival resources, i.e. those that do not diminish due to one person s use, although there are other… …   Wikipedia

  • School of Salamanca — The School of Salamanca is the renaissance of thought in diverse intellectual areas by Spanish theologians, rooted in the intellectual and pedagogical work of Francisco de Vitoria. From the beginning of the 16th century the traditional Roman… …   Wikipedia

  • Corruption in Cuba — Political corruption Corruption Perceptions Index, 2010 …   Wikipedia

  • Syria — /sear ee euh/, n. 1. Official name, Syrian Arab Republic. a republic in SW Asia at the E end of the Mediterranean. 16,137,899; 71,227 sq. mi. (184,478 sq. km). Cap.: Damascus. 2. a territory mandated to France in 1922, including the present… …   Universalium

  • Classical general equilibrium model — The classical general equilibrium model aims to describe the economy by aggregating the behavior of individuals and firms. Note that the classical general equilibrium model is unrelated to classical economics, and was instead developed within… …   Wikipedia

  • Continental Association — The Association adopted by the Continental Congress was published and often signed by local leaders. Thomas Jefferson, who was not yet a delegate to Congress, signed this copy (lower left) with other Virginians. The Continental Association, often …   Wikipedia

  • History of County Wexford — Infobox Irish Place name = County Wexford gaeilge = Contae Loch Garman crest motto = Exemplar Hiberniae map area = 2,352 km² county town = Wexford code = WX population = 131,615 census yr = 2006 province = Leinster web = www.wexford.ie |County… …   Wikipedia

  • Cultural Revolution — a radical sociopolitical movement in China c1966 71, led by Mao Zedong and characterized by military rule, terrorism, purges, restructuring of the educational system, etc. Cf. Gang of Four, Red Guard. Also called Great Proletarian Cultural… …   Universalium

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