Questions tagged [artificial-scarcity]
Artificial scarcity is the scarcity of items that exists even though either the technology for production or the sharing capacity exists to create a theoretically limitless or at least greater quantity of production than currently exists.
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What are the examples to the terminology "allocation of scarce resource"
Does allocation of scarce resource mean trading of a perishable goods with the one who needs it most. Say, a drug that can cure cancer and there is only 10 units left. A seller sells the item who pays ...
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Why is it so difficult to get covid vaccines through free market?
I am not sure if this should be in politic and economy
Here, in Indonesia we cannot get vaccine buy just paying for it. I've heard that's also the case for the whole world.
I asked my friend and they ...
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Is there a qualitative difference between the rent derived from a supply fixed by nature and single supplier required to supply a fixed quantity?
The assumption are that
supply is absolutely and permanently fixed at q
average and marginal costs are zero
demand always exceeds supply (P ≥ 0)
The graph should look the same in both cases: a ...
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Piracy/File sharing - Why aren't songs, movies or ebooks given for free (+ads) like TV?
Question: Why aren't songs, movies or ebooks given for free (+ads) like TV?
i. Sub-question: Every minute, people are pirating, and there is no stopping that. If people see 0.99 for a song on iTunes ...
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