Post
Topic
Board Economics
Re: Scarcity and scale of preference
by
Alpha Marine
on 16/04/2023, 13:23:38 UTC
I do not think that this saying is correct. When our requirements were primitive, man discovered wood, which was burned to obtain fire and the beginning of energy. After the needs increased, coal appeared, including steam locomotives and internal combustion engines. Then oil appeared and the aviation industry developed. Therefore, when human needs increase, resources develop in return. necessary to cover these needs.

I remember 100 years ago, people did not know about oil, and even when it appeared, they were not aware of this wealth, so the next wealth may be close or even outside the planet. Wink

I guess what OP is trying to say is that "human wants are insatiable". Since resources are limited and scarce we should have a scale of preference is the only way to make sure the resources we have available are enough for us.
This is actually true because no matter the amount of money you have, you always have wants, and since resources are scarce we can't have everything we want at every given time, so we have to forego some things in other to get the most important things at the moment.