Scarcity

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Scarcity

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  1. Scarcity is in everyday life

    Slide 1 - Scarcity is in everyday life

    • Scarcity
  2. Opportunity Costs

    Slide 2 - Opportunity Costs

    • They are a part of scarcity. They are what you leave behind in a choice
  3. An example of Opportunity Costs

    Slide 3 - An example of Opportunity Costs

    • Opportunity costs are what you leave behind in a decision
  4. Opportunity Costs:

    Slide 4 - Opportunity Costs:

    • An example is when you wake up and you choose what you want to wear that day.
  5. Scarcity and Opportunity Costs come together.

    Slide 5 - Scarcity and Opportunity Costs come together.

  6. Human Desires outweigh how much money we have.

    Slide 6 - Human Desires outweigh how much money we have.