See why scarcity forces choices - Economics | Zoonk

See why scarcity forces choices - Economics | Zoonk

See why scarcity forces choices

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A simple split image: on the left, a small pile of resources labeled “available now”; on the right, a much larger set of wish items labeled “wanted now,” with the larger side clearly overflowing.

The basic problem

Economics starts with a simple problem: people want more than the world can provide at the same time. Money matters, but scarcity is bigger than money.