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Scarcity and Artificial Scarcity

In its simplest form, scarcity refers to the quantitative relationship between means and ends. When the means available to satisfy some ends are not enough, then a situation of scarcity arises. If the reverse is true, then a situation of abundance is present. Sufficiency arises when means and... Full description

1st Person: Daoud, Adel
Source: in: The Wiley Blackwell Encyclopedia of Consumption and Consumer Studies (New York, NY: Wiley Blackwell, 2015), p. 489-491
Type of Publication: Article
Published: 2015
Series: Wiley Blackwell Encyclopedias in Social Science
Keywords: economic sociology > inequality > political economy > poverty > resources
Online: Full text via publisher
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