There are simply never enough resources to meet all our needs and desires. Explanation: Scarcity is a basic concept in economics which explains that human wants are unlimited and thus termed insatiable as the resources required to meet those needs are in limited supply. Because there unlimited wants but limited resources. Less rain-Rain as we all know has a colossal effect on nature. Scarcity in Economics: Marco-economics is concerned with the study of the entire economy. What is a scarcity, and why does it exist? This condition is known as scarcity. 2009-10-03 22:34:04 2009-10-03 22:34:04. Scarcity will always exist. In summation, scarcity exists because we live in a society with limited resources and unlimited wants and needs. At any moment in time, there is a finite amount of resources available. As such scarcity as a concept has always been in existence and will always b. 0 1 2. Wiki User Answered . Whether it is scarcity of food, or scarcity of energy, or scarcity of space ships, or scarcity of quantum portals. CMV. The idea of "post scarcity" is just a tool utilized by advocates to convince the uninitiated that that the advocate's goals are attainable. Real scarcity can also exist by over use of non-renewable resources. Scarcity. Post-scarcity is a theoretical economic situation in which most goods can be produced in great abundance with minimal human labor needed, so that they become available to all very cheaply or even freely. Scarcity plays a key role in economic theory, and it's essential for a "proper definition of economics itself." The resources that we value—time, money, labor, tools, land, and raw materials—exist in limited supply. Answer. Scarcity also includes an individual's lack of resources to buy commodities. Scarcity always exists no matter what, while shortages can be temporary or long term. Why does scarcity always exist? The opposite of scarcity is abundance. Top Answer. A shortage is lack of all goods and services; scarcity concerns a single item . It forces us as a society and individual people to make decisions every day. There is no real difference between a shortage and scarcity. Scarcity' is the limited availability of a commodity, which may be in demand in the market or by the commons. 0 0 chizmar So, during the rest of the seasons those vegetables and fruits are scarce. A shortage can be temporary or long-term, but scarcity always exists. Scarcity is when the means to fulfill ends are limited and costly. Scarcity is called the "basic economic problem," meaning that always exists. Seasonal Scarcity-Seasonal scarcity takes place in cases where some fruits and vegetables are available only during a particular season. A shortage is temporary but scarcity always exists . 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