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The Economics of Scarcity and Government Decision Making
The Economics of Scarcity and Government Decision Making
Theo Fleury on the economics of scarcity, a key factor in shaping consumer behavior and market dynamics. Governments often exploit scarcity to generate revenue, selling limited resources at inflated prices. By controlling the supply of goods and services, they can manipulate prices and maintain economic stability. Scarcity also enables governments to exert power over industries and international relations, while promoting resource conservation and sustainability.
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