Search results
Results from the WOW.Com Content Network
[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 .
Unobtainium began to be used among people who are neither science fiction fans nor engineers to denote an object that actually exists, but which is very hard to obtain either because of high price (sometimes referred to as "unaffordium") or limited availability. It usually refers to a very high-end and desirable product.
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]
When customers of a public switched telephone network make telephone calls, they utilize a telecommunications network called a switched-circuit network. In a switched-circuit network, devices known as switches are used to connect the calling party to the called party.
In psychology, availability is the ease with which a particular idea can be brought to mind. When people estimate how likely or how frequent an event is on the basis of its availability, they are using the availability heuristic. [58] When an infrequent event can be brought easily and vividly to mind, this heuristic overestimates its likelihood.
Other studies of nutrition labeling have produced mixed findings and have found, at best, limited effects of labeling on overall diet quality and calorie intake (Siva K. Balasubramanian and Catherine Cole 2002, Tanja V.E. Kral et al. 2002, Jennifer D. Seymour et al. 2004, and Jayachandran N. Variyam 2005).
In any technical subject, words commonly used in everyday life acquire very specific technical meanings, and confusion can arise when someone is uncertain of the intended meaning of a word. This article explains the differences in meaning between some technical terms used in economics and the corresponding terms in everyday usage.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!