Scarcity Scarcity Artificial scarcity is an economic term describing the scarcity of items even though the technology and production capacity exists to create an abundance. In economic terms, most non-rival goods (cable television, digital media) are artificially scarce, as one person's use does not diminish use by another. ...more on Wikipedia about "Artificial scarcity"
Jacque Fresco (b. March 13, 1916) is an industrial engineer, architectural designer, social engineer and futurist based in Florida. His optimistic view and desire create solutions that maximally benefit the greatest number of people stem from his formative years during the Great Depression. To this day he writes and lectures extensively on subjects ranging from the holistic design of sustainable cities, energy efficiency, natural resource management and advanced automation, focusing on the benefits it will bring to society. ...more on Wikipedia about "Jacque Fresco"
A post-scarcity economy is a hypothetical form of economy or society, often explored in science fiction, in which valuable things (material, energy or information) are free or practically free, creating abundance. Market economy and command economy may be unnecessary post-scarcity, though a gift economy may take their place. ...more on Wikipedia about "Post scarcity"
Scarcity value is the economic factor that increases an item's relative price based more upon its relatively low supply. Whereas the prices of newly-produced manufactured products depends mostly on the cost of production (the cost of inputs used to produce them, which in turn reflects the scarcity of the inputs), the prices of many goods -- such as antiques, rare stamps, and those raw materials in high demand -- reflects the scarcity of the products themselves. ...more on Wikipedia about "Scarcity value"
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