Scarcity / Escasez

Scarcity / Escasez

By Victor Martinez

What is scarcity?

¿Que es escazez?

Scarcity is when there isn't enough of something to meet our wants.

​Escasez es cuando no hay suficiente de algo para satisfacer nuestros deseos.

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​We have unlimited wants but limited resources, and this creates scarcity of those resources.

​Tenemos deseos ilimitados pero recursos limitados, y esto crea escasez de esos recursos.

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Open Ended

If you had an unlimited amount of money, what would you buy?

Open Ended

If you had an unlimited amount of time, what would you do?

Unfortunately, our time, money, and resources are limited.

Desafortunadamente, nuestro tiempo, dinero y recursos son limitados.

Economics is how people manage a scarcity of resources.

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​La economía es cómo las personas manejan la escasez de recursos.

Open Ended

What are things people have to spend money on every month?