What is Scarcity in 60 Seconds #economics #basiceconomics

Scarcity Definition of Economics by Lionel Robbins

Economics Explained: Scarcity, Choices, and Real-World Examples

What is scarcity ?

What is scarcity ?

Water scarcity affects more than 40% of people worldwide.

The Mindset Shift: Scarcity vs. Abundance

People living in scarcity may face unique challenges and limitations that can impact their perspective and the opportunities they perceive. Here are some aspects that people living in scarcity may struggle to see compared to those who are not: Abundance Mentality: Individuals in scarcity often have a mindset influenced by lack and limited resources. They may find it difficult to see possibilities for growth, abundance, or opportunities beyond their immediate circumstances. Long-Term Planning: Sc