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 Abstract