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"The best example is perhaps Walras' definition of social wealth, i.e., economic goods. [3] 'By social wealth', says Walras, 'I mean all things, material or immaterial (it does not matter which in this context), that are scarce, that is to say, on the one hand, useful to us and, on the other hand, only available to us in limited quantity'." [4]
Resource slack, in the business and management literature, is the level of availability of a resource. Resource slack can be considered as the opposite of resource scarcity or resource constraints. The availability of resources can therefore be defined in terms of resource slack versus constraints, as two ends of a continuum. [1]
This method is used in, for example graded multiple banks of selectors. [ 1 ] In a modern circuit-switched network, switches can connect any inlet to any outlet; this is known as full availability.
In computing, a system resource, or simply resource, is any physical or virtual component of limited availability that is accessible to a computer. All connected devices and internal system components are resources. Virtual system resources include files (concretely file handles), network connections (concretely network sockets), and memory areas.
Availability of parallel components = 1 - (1 - X)^ N [3] Using parallel components can exponentially increase the availability of overall system. [2] For example if each of your hosts has only 50% availability, by using 10 of hosts in parallel, you can achieve 99.9023% availability. [3] Note that redundancy doesn’t always lead to higher ...
A dose of Eli Lilly's diabetes drug Mounjaro has limited availability through February 2024, according to the U.S. Food and Drug Administration's website, due to an increase in demand. The high ...
Artificial scarcity essentially describes situations where the producers or owners of a good restrict its availability to others beyond what is strictly necessary. Ideas and information are prime examples of unnecessarily scarce products given artificial scarcity as illustrated in the following quote:
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