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. 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. A shortage is temporary but scarcity always exists . ... Scarcity refers to limited quantities of resources to meet unlimited wants. 2009-10-03 22:34:04 2009-10-03 22:34:04. Scarcity. CMV. 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. Seasonal Scarcity-Seasonal scarcity takes place in cases where some fruits and vegetables are available only during a particular season. In summation, scarcity exists because we live in a society with limited resources and unlimited wants and needs. There will always be scarcity. Because there unlimited wants but limited resources. A shortage can be temporary or long-term, but scarcity always exists. Top Answer. Scarcity always exists no matter what, while shortages can be temporary or long term. The resources that we value—time, money, labor, tools, land, and raw materials—exist in limited supply. Asked by Wiki User. 0 1 2. A shortage is lack of all goods and services; scarcity concerns a single item . As such scarcity as a concept has always been in existence and will always b. Scarcity also includes an individual's lack of resources to buy commodities. 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. 0 0 chizmar Scarcity will always exist. Wiki User Answered . There are simply never enough resources to meet all our needs and desires. What is a scarcity, and why does it exist? Scarcity' is the limited availability of a commodity, which may be in demand in the market or by the commons. Real scarcity can also exist by over use of non-renewable resources. This condition is known as scarcity. Scarcity is when the means to fulfill ends are limited and costly. There is no real difference between a shortage and scarcity. Answer. A shortage results from rising prices; scarcity results from falling prices . Why does scarcity always exist? Less rain-Rain as we all know has a colossal effect on nature. At any moment in time, there is a finite amount of resources available. Tags: Question 10 . Scarcity exists due to the effects of nature such as drought, floods, storms, pest infestation, fire and other things. Scarcity in Economics: Marco-economics is concerned with the study of the entire economy. 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