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  • Ways of Treating The Problem of Scarcity

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    Aiza Aharaji Aharaji
    9 views5 pages
    The document outlines 3 ways to treat the problem of scarcity: 1) through economic growth which increases the ability to produce goods and services, 2) by increasing supply such as through policies that help more households access property, and 3) by reducing wants and demand through lessening desires and incentivizing changes that reduce electricity usage.

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    The document outlines 3 ways to treat the problem of scarcity: 1) through economic growth which increases the ability to produce goods and services, 2) by increasing supply such as through policies that help more households access property, and 3) by reducing wants and demand through lessening desires and incentivizing changes that reduce electricity usage.

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    9 views5 pages

    Ways of Treating The Problem of Scarcity

    Uploaded by

    Aiza Aharaji Aharaji
    The document outlines 3 ways to treat the problem of scarcity: 1) through economic growth which increases the ability to produce goods and services, 2) by increasing supply such as through policies that help more households access property, and 3) by reducing wants and demand through lessening desires and incentivizing changes that reduce electricity usage.

    Copyright:

    © All Rights Reserved
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    of 5

    3 WAYS OF TREATING THE

    PROBLEM OF SCARCITY
    1. ECONOMIC GROWTH

    IS AN INCREASE IN THE
    ABILITY TO PRODUCE FOODS
    AND SERVICES.
    2. INCREASE A SUPPLY

    IF THE NEW SYSTEM LEADS MORE


    HOUSEHOLDING THIS WOULD INCREASE
    THE SUPPLY FOR THOSE TRYING TO GET
    ON THE PROPERTY LADDER.
    3. REDUCE WANTS AND
    REDUCTION IN DEMAND
    REDUCE WANTS- MEANS TO LISTEN THE DESIRE
    OF PEOPLE TOWARDS THEIR GIVEN SOCIETY.

    REDUCTION IN DEMAND- MEANS A CHANGE IN CUSTOMERS


    BEHAVIOR OR A CHANGE IN CUSTOMERS OWNED OR
    OPERATE ASSETS THAT REDUCE OR HAS CAPABILITY TO
    REDUCE THE DEMAND FOR ELECTRICITY AS A RESULT OF
    PRICE SIGNALS TO OTHER INCENTIVES.
    THANK YOU !!!!
    REPORTED BY: MYLA B. CADORNA

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