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  2. Scarcity - Wikipedia

    en.wikipedia.org/wiki/Scarcity

    [1] Scarcity is the limited availability of a commodity, which may be in demand in the market or by the commons. Scarcity also includes an individual's lack of resources to buy commodities. [2] The opposite of scarcity is abundance. Scarcity plays a key role in economic theory, and it is essential for a "proper definition of economics itself". [3]

  3. Limited resources - Wikipedia

    en.wikipedia.org/wiki/Limited_resources

    Limited resources may refer to: Non-renewable resources; Scarcity; Embedded systems, computing devices resource availability; Poverty This page was last edited on ...

  4. Competitive exclusion principle - Wikipedia

    en.wikipedia.org/wiki/Competitive_exclusion...

    In ecology, the competitive exclusion principle, [1] sometimes referred to as Gause's law, [2] is a proposition that two species which compete for the same limited resource cannot coexist at constant population values. When one species has even the slightest advantage over another, the one with the advantage will dominate in the long term.

  5. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  6. Scarcity (social psychology) - Wikipedia

    en.wikipedia.org/wiki/Scarcity_(social_psychology)

    Scarcity is basically how people handle satisfying themselves regarding unlimited wants and needs with resources that are limited. [1] Humans place a higher value on an object that is scarce, and a lower value on those that are in abundance. For example diamonds are more valuable than rocks because diamonds are not as abundant. [2]

  7. Competition (biology) - Wikipedia

    en.wikipedia.org/wiki/Competition_(biology)

    Competition is an interaction between organisms or species in which both require one or more resources that are in limited supply (such as food, water, or territory). [1] Competition lowers the fitness of both organisms involved since the presence of one of the organisms always reduces the amount of the resource available to the other.

  8. Glossary of ecology - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_ecology

    Also Gause's law. A biological rule which states that two species cannot coexist in the same environment if they are competing for exactly the same resource, often memorably summarized as "complete competitors cannot coexist". coniferous forest One of the primary terrestrial biomes, culminating in the taiga. conservation biology The study of Earth's biodiversity with the aim of protecting and ...

  9. Cognitive load - Wikipedia

    en.wikipedia.org/wiki/Cognitive_load

    This load can be attributed to the design of the instructional materials. Because there is a single limited cognitive resource using resources to process the extraneous load, the number of resources available to process the intrinsic load and germane load (i.e., learning) is reduced.