A note from Daniel

In economics, scarcity means a limited supply of things people want or need, such as money, time, or raw materials. One way to look at the development of human societies over time is as a process of overcoming different kinds of scarcity. Technology enables us to increase our access to scarce resources or to decrease our requirements for them.

Daniel The Great Mental Models, Volume 4, page 13 · December 3, 2024 Save to shelf
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