#EconShorts: Scarcity- Macro 1.1

The Law of Scarcity = Limited resources increase value.

Water scarcity affects more than 40% of people worldwide.

Scarcity Definition of Economics by Lionel Robbins

Economics Explained: Scarcity, Choices, and Real-World Examples

The Mindset Shift: Scarcity vs. Abundance

Scarcity Psychology Explained in 60 Seconds#shorts

Scarcity trauma, rooted in experiences of lack and deprivation, can manifest in various ways: one common expression is hoarding. 🛍️ Hoarding often stems from a deep-seated fear of not having enough in the future. Those who have experienced scarcity trauma may accumulate possessions, even if they are unnecessary, as a way to create a sense of security. 😰 This behavior can be challenging to overcome because it represents an attempt to regain control over circumstances that once felt overwhelming