Scarcity in our Economy

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Scarcity in our Economy

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  1.                   Scarcity in our Economy

    Slide 1 - Scarcity in our Economy

  2. Introduction

    Slide 2 - Introduction

    • Think of something you like to have. What would you life be like is you suddenly couldn’t get any more of it?
  3. What is Scarcity?

    Slide 3 - What is Scarcity?

    • Scarcity is an economic problem that arises because people have unlimited wants but resources are limited.an economic problem that arises because people have
  4. important?

    Slide 4 - important?

  5.                   Example?

    Slide 5 - Example?

  6. Opposite of Scarcity

    Slide 6 - Opposite of Scarcity

  7. Slide 7

    • The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. –Thomas Sowell