Scarcity

Examples of Scarcity in the following topics:

• Economic Systems

  • Alternatively, an economic system is the set of principles by which problems of economics are addressed, such as the economic problem of scarcity through allocation of finite productive resources.
  • The scarcity problem, for example, requires answers to basic questions, such as:

• The Social Environment

  • Thus, material resource scarcity is increasing, raising supply costs and shifting us away from the old economic growth strategy based in continually increasing resource consumption (more with more), to a new growth strategy based in increasing resource performance (more with less).

• Forces in Consumerism

  • While previously the norm had been the scarcity of resources, the Industrial Revolution created a new economic situation.

• Demand Planning

  • Ensures that organizational requirements take precedence over issues of resource constraint and scarcity.

• Aligning employee career development with organizational growth

  • Losing talent in an era of talent scarcity is the last thing an organization wants.