Asked by Wiki User. Whether it is scarcity of food, or scarcity of energy, or scarcity of space ships, or scarcity of quantum portals. A shortage results from rising prices; scarcity results from falling prices . CMV. 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. 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. A shortage can be temporary or long-term, but scarcity always exists. The idea of "post scarcity" is just a tool utilized by advocates to convince the uninitiated that that the advocate's goals are attainable. It forces us as a society and individual people to make decisions every day. Scarcity will always exist. The resources that we value—time, money, labor, tools, land, and raw materials—exist in limited supply. There are simply never enough resources to meet all our needs and desires. As such scarcity as a concept has always been in existence and will always b. Real scarcity can also exist by over use of non-renewable resources. Less rain-Rain as we all know has a colossal effect on nature. Scarcity is when the means to fulfill ends are limited and costly. Wiki User Answered . Top Answer. What is a scarcity, and why does it exist? Scarcity always exists no matter what, while shortages can be temporary or long term. Answer. 2009-10-03 22:34:04 2009-10-03 22:34:04. 0 1 2. This condition is known as scarcity. A shortage is lack of all goods and services; scarcity concerns a single item . In summation, scarcity exists because we live in a society with limited resources and unlimited wants and needs. Because there unlimited wants but limited resources. So, during the rest of the seasons those vegetables and fruits are scarce. Scarcity' is the limited availability of a commodity, which may be in demand in the market or by the commons. Tags: Question 10 . There is no real difference between a shortage and scarcity. There will always be scarcity. ... Scarcity refers to limited quantities of resources to meet unlimited wants. 0 0 chizmar Scarcity plays a key role in economic theory, and it's essential for a "proper definition of economics itself." A shortage is temporary but scarcity always exists . Scarcity is the infinite problem of human needs and wants, and yes it always exists because people always want something and we all need things to live. Scarcity. Why does scarcity always exist? The opposite of scarcity is abundance. Scarcity is called the "basic economic problem," meaning that always exists. Scarcity exists due to the effects of nature such as drought, floods, storms, pest infestation, fire and other things. 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