Wednesday, July 10, 2013

The concept of sarcity

Concept of Scarcity

What is scarcity? Concept of scarcity is the basic economics problem because human has unlimited wants but the resources are limited. Scarcity takes place when people desire more things than available resources can provide.


From the article http://www.chinability.com/chinas_land_and_resources.htm  we can know that the cultivated land in China is getting lesser and lesser. Moreover, and for this article http://www.fao.org/docrep/006/u9095e/U9095E07.htm has clearly shown that the arises of land scarcity.






Nowadays, human needs more land to develop and they need more and more resources. So, they decided to deforestation by chopping down the trees. This causes that all the natural resources are getting lesser and lesser. Scarcity occurred because natural resources are not unlimited.


Fortunately, they have analyzed the problem and soon they decided to carry on reforestation to decrease the rate of scarcity.






Written by Kenneth Lee Ron 0314884

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