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    Scarcity: How Do These Things Relate To Scarcity?

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    cara
    The document discusses the concept of scarcity. It defines scarcity as not being able to have everything you want due to limited resources, forcing people to make choices. It notes that all purchased goods and services are considered scarce because they require scarce productive resources and have a price. The document then instructs business teams to discuss how their best selling good or service becoming more scarce would impact them and their customers.

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    Scarcity: How Do These Things Relate To Scarcity?

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    cara
    29 views2 pages
    The document discusses the concept of scarcity. It defines scarcity as not being able to have everything you want due to limited resources, forcing people to make choices. It notes that all purchased goods and services are considered scarce because they require scarce productive resources and have a price. The document then instructs business teams to discuss how their best selling good or service becoming more scarce would impact them and their customers.

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    Scarcity

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    The document discusses the concept of scarcity. It defines scarcity as not being able to have everything you want due to limited resources, forcing people to make choices. It notes that all purchased goods and services are considered scarce because they require scarce productive resources and have a price. The document then instructs business teams to discuss how their best selling good or service becoming more scarce would impact them and their customers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    29 views2 pages

    Scarcity: How Do These Things Relate To Scarcity?

    Uploaded by

    cara
    The document discusses the concept of scarcity. It defines scarcity as not being able to have everything you want due to limited resources, forcing people to make choices. It notes that all purchased goods and services are considered scarce because they require scarce productive resources and have a price. The document then instructs business teams to discuss how their best selling good or service becoming more scarce would impact them and their customers.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    of 2

    11/7/15

    Scarcity
    !

    Scarcity

    -Not being able to have everything you want


    -Scarcity forces people to make choices
    because there arent enough goods and
    services to sa@sfy unlimited wants

    How do these things relate to scarcity?

    All purchased items/goods are considered


    scarce because they are made with scare
    produc@ve resources and have a price.
    They are not freely available.

    11/7/15

    Business Teams
    Discuss and write down one of your best
    selling goods/services!
    Ex: Jethros ribs
    Ex: Barnes and Noble Kindle

    Uh oh!
    Imagine that good or product is becoming
    more scarce.
    What will you do?
    How will your customers react?
    Discuss and write down your ideas.

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