Today’s topic is going to be about Scarcity. If there is a single word that makes or breaks so much of a context in economics it is scarcity. Or it’s antonym abundance. Now there is nobody better to explain the basics of economics than the 18th-century Scottish philosopher Adam Smith, also considered as the father of economics. One of his principles is “
Finite and infinite resources
Finite and infinite resources
Finite and infinite resources
Today’s topic is going to be about Scarcity. If there is a single word that makes or breaks so much of a context in economics it is scarcity. Or it’s antonym abundance. Now there is nobody better to explain the basics of economics than the 18th-century Scottish philosopher Adam Smith, also considered as the father of economics. One of his principles is “