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Topic: Scarcity and scale of preference - page 3. (Read 315 times)

hero member
Activity: 1974
Merit: 591
Leading Crypto Sports Betting & Casino Platform
April 16, 2023, 10:30:19 AM
#6
Not to get too far to the opt of OP, economic problems just require economic solutions. There is no lack of resource, only lack of ideas.
People are lazy to think and look for ideas when technology is getting up to date. Poverty, economic needs and everything depend on the resources of the mind itself. I totally agree with what you said economic problems require economic solutions. Because basically we always look far away but forget the important aspects around us that can still support needs beyond what is needed. Usually caused by being too ambitious to see the achievements of others and do not see the abilities that can be done alone. The result is when we have found a solution but are still looking for problems, and assume that solution after solution always ends in incompatibility.
sr. member
Activity: 476
Merit: 283
April 16, 2023, 09:23:38 AM
#5
I do not think that this saying is correct. When our requirements were primitive, man discovered wood, which was burned to obtain fire and the beginning of energy. After the needs increased, coal appeared, including steam locomotives and internal combustion engines. Then oil appeared and the aviation industry developed. Therefore, when human needs increase, resources develop in return. necessary to cover these needs.

I remember 100 years ago, people did not know about oil, and even when it appeared, they were not aware of this wealth, so the next wealth may be close or even outside the planet. Wink

I guess what OP is trying to say is that "human wants are insatiable". Since resources are limited and scarce we should have a scale of preference is the only way to make sure the resources we have available are enough for us.
This is actually true because no matter the amount of money you have, you always have wants, and since resources are scarce we can't have everything we want at every given time, so we have to forego some things in other to get the most important things at the moment.
sr. member
Activity: 1666
Merit: 292
Eloncoin.org - Mars, here we come!
April 16, 2023, 09:06:08 AM
#4
It is not possible to satisfy all human needs and desires. In reality, human resources and time are limited. Therefore, we need to prioritize our needs and desires in order to maximize the rights and interests of individuals and communities. Our priorities can depend on many factors, such as our values, time, health, environment and other personal values. It is important to make smart and responsible decisions to use it effectively and to best meet our most important needs.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
April 16, 2023, 09:00:54 AM
#3
The resources needed to satisfy all the want of human being are said not to be enough compared to all the want of humans we have many want we would like to satisfy at any given point in time which we may not be able to meet up with due to economic problems scales of preference simple is setting our needs inorder of priority.

I would suggest that you read Think and grow rich by Napoleon Hill or The Science of Getting Rich. There is an unlimited resource. All begins in man's mind.

If every nation does a scale of preference ranking the needs and wants, prioritizing the necessities and which are not then every people will wrestle because every government or authority will take the power to distribute the needs and resources. Though resources are limited to the planet, ideas aren't.  Scarcity is true, but there would be another or new way of thinking to overcome that.

Not to get too far to the opt of OP, economic problems just require economic solutions. There is no lack of resource, only lack of ideas.

I do not think that this saying is correct. When our requirements were primitive, man discovered wood, which was burned to obtain fire and the beginning of energy. After the needs increased, coal appeared, including steam locomotives and internal combustion engines. Then oil appeared and the aviation industry developed. Therefore, when human needs increase, resources develop in return. necessary to cover these needs.

I remember 100 years ago, people did not know about oil, and even when it appeared, they were not aware of this wealth, so the next wealth may be close or even outside the planet. Wink

To be exact, there is more exploration outside the planet than what is inside the core. Which means just imagine what else can we discover. I just wish it is not another virus.
legendary
Activity: 2506
Merit: 3645
Buy/Sell crypto at BestChange
April 16, 2023, 08:10:38 AM
#2
I do not think that this saying is correct. When our requirements were primitive, man discovered wood, which was burned to obtain fire and the beginning of energy. After the needs increased, coal appeared, including steam locomotives and internal combustion engines. Then oil appeared and the aviation industry developed. Therefore, when human needs increase, resources develop in return. necessary to cover these needs.

I remember 100 years ago, people did not know about oil, and even when it appeared, they were not aware of this wealth, so the next wealth may be close or even outside the planet. Wink
newbie
Activity: 13
Merit: 0
April 16, 2023, 04:56:41 AM
#1
The resources needed to satisfy all the want of human being are said not to be enough compared to all the want of humans we have many want we would like to satisfy at any given point in time which we may not be able to meet up with due to economic problems scales of preference simple is setting our needs inorder of priority.
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