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Scarcity

In economics, scarcity refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good. If the conditions of scarcity did not exist and an "infinite amount of every good could be produced or human…

Concept, Scarce goods & Nonscarce goods

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Overview

Concept

Scarce goods

Nonscarce goods

Advanced semantic analysis

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Map overview Semantic statistics

Scarcity

Nodes49
Edges48
Triples88
Avg. degree1.96
Density0.040816
Components1

How this topic connects Entity context

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Scarcity

Top relations

related to Further reading · 59
Scarcity → Accessed, An Essay, Austin, Blume, Burke, Condorcet, Details, Dictionary, Doctoral, Durlauf, Ecological, Economics, Edmund, Future Improvement, Gertrude Himmelfarb, Godwin, Guido, Houndsmill, IN, In Eatwell
related to Scarce goods · 9
Scarcity → Africa, Demand-induced, In, Lastly, One, Supply-induced, The, This, To
related to Concept · 7
Scarcity → Economic, Economics, If, PPC, Samuelson, There, This
is a · 3
Scarcity → condition where human requirements in the way of food needs are greater than the available quantities of useful goods.Daoud citing Daly, condition where multiple, limited availability of a commodity
related to Modern concepts of scarcity · 2
Scarcity → If, The
related to Samuelson and relative scarcity · 2
Scarcity → Samuelson, The
see also · 1
Scarcity → Non-renewable

Important terminology Word statistics

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Important terminology

economic resources goods economics human scarce robbins good abundance relative food available limited definition absolute population quantities condition wants would

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Scarcityis alimited availability of a commodity0.90text
Scarcityis acondition where human requirements in the way of food needs are greater than the available quantities of useful goods.Daoud citing Daly0.90text
Scarcityis acondition where multiple0.90text
are indispensable to existenceinstance ofeven0.80text
may yetinstance ofeven0.80text
because of their abundanceinstance ofeven0.80text
fail to be objects of desireinstance ofeven0.80text
of choiceinstance ofeven0.80text
Scarcityrelated to ConceptEconomic0.60section
Scarcityrelated to ConceptSamuelson0.60section
Scarcityrelated to ConceptEconomics0.60section
Scarcityrelated to ConceptPPC0.60section

Related concept clusters Concept neighborhoods

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    Connections between topic areas Semantic bridges

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    Min side: 3
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