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Scarcity, in the area of social psychology, works much like scarcity in the area of economics. 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.
People with an abundance mindset believe that there are enough resources for everyone, and see the glass as half-full; those with a scarcity mindset believe that there is a limited number of resources, and see the glass as half-empty. [63]
A scarcity mindset can stem from your upbringing, trauma, or even the way your parents were raised. Here's what it means and how to overcome it, per therapists.
[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]
Unfortunately, some people operate under a zero-balance mentality. A person might believe they can get away with spending $1,000 a week if they earn $1,000 that week. In reality, they can actually ...
Scarcity affects the functioning of the brain at both a conscious and subconscious level, and has a large impact on the way one behaves. The authors suggest that scarcity has a tendency to push us into a state of tunneling: a focus primarily on the scarcity of a resource, and a resulting neglect of everything else “outside” the tunnel. When ...
Post-scarcity is a theoretical economic situation in which most goods can be produced in great abundance with minimal human labor, so that they become available to all very cheaply or even freely. [1] [2] Post-scarcity does not mean that scarcity has been eliminated for all goods and services.
Abundance (ecology), the relative representation of a species in a community; Abundance, the defining characteristic of abundant numbers; Abundance (programming language), a Forth-like computer programming language; In chemistry: Abundance (chemistry), when a substance in a reaction is present in high quantities