Scarcity is global effects

[el kaka22]

If you end up with scarcity and that allows some people to get richer, the world will let it happen. All those tesla cars that made Elon rich? Uses a resource (forgot the minerals name, lithium? whatever it was) that will run out, and uses slave labour back where it is to dig it out as well, but he gets away with it because he uses a company to buy it from, and not directly owns any slaves, even the company he buys from doesn't, the local company does, and the AI that he is building? Along with all other AI?

Wastes 2% as much as rest of the world, so just one AI industry and we are spending 2% more. Hence on the long run, all these rich people are fine if the world is gone and destroyed because of them in 50 years, because they know they will be gone in 50 years.

[Crypto_Timothy]

Government needs to increase their capacity to create surplus and available resources to match their scarces effects on people and cost of living.

Scarcity is indeed everywhere but its severity differs from one country to another depending on some factors like the governance, the economic policies and the productivity and resource management as well, so while alot of countries are facing rising living costs due to global inflation and economic uncertainty, some have stronger institutions and social support systems that reduce the impact on their citizens, so depending on the country the scarcity defers. The government definitely plays a crucial role in addressing scarcity by promoting economic growth, creating jobs, investing in infrastructure and also implementing policies that make essential goods and services more affordable and well, although scarcity cannot be completely eliminated, its effects can be significantly reduced through effective leadership and sustainable development, at least thats how i see it.

[Ambatman]

Resources we are can access are quite limited hence the existence of economics.
And it's worse when the resource is there but it's poorly utilized.
Which is something most African nations are facing
Other countries are finding means to access more source to our limited resources
But they are more focused on hoarding the ones around.

[ColdLava40]

Government needs to increase their capacity to create surplus and available resources to match their scarces effects on people and cost of living.

The main problem with African countries is bad government. There's a bunch of good resources in Africa but with bad governance those resources cannot be use to develop their economy.

The government do not care much if their actions cause pain or infliction on the people. They want to feed their mouth so it's not their business how others do it. The inflation, and high cost of living in these countries could be avoided if trades properly.

But will the government be able to? It's not even a matter of scarcity. We have some countries with limited resources but are doing well and advanced. African leaders have failed their people.

[Ndabagi01]

Scarcity is when there is limited supply and the demand is high, it is something that is really affecting economic situation of every country, if there is scarcity in a place, the price of the goods that is scarce will be very high due to the limited supply and high demand.

Scarcity I think is more of a deliberate act by the government, or big players in the economy that are selfish minded. They make goods scarce in such a way that a price they tag a product with is what it would be sold at. The people rush to buy them irrespective of the price because of their high want for it.

Yes exactly, but having surplus can lead to vandalism in my opinion, even though if there is a good supply from different firms, the price will be cheaper due to competition, while if it is available in excess, the price will drop drastically. The government actually need to find way to make goods available to ease price control for their citizens.

Government will always find a way to balance things up. Too much supply in excess can lead to other things that could even make living unbearable more to everyone irrespective of your financial status. Things needs to be leveled but not in such a way that relevancy is giving to one part that it comes in excess and other part has nothing to show for it.

[bitgolden]

Scarcity can be intentionally engineered in a corrupt government, and the reason is because they profit from it.

We could have government officials who hold a majority in certain sectors in the economy, and they know that creating scarcity would improve their profit margin, and in corrupt systems where there is no other body to checkmate these corrupt moves, scarcity would thrive and be the order of the day.

That's not even the only reason, they can literally keep people very poor and in trouble, so that they can promise they can be the ones who can save them. So they do not actually have to do good, they just have to keep making sure people stay bad, and then, their buddies, the other party, may take power, and blame each other, in turns.

That's what's going on even in a not poor country like USA, all those democrats and republicans are friends, and one takes power, blames the other, then the other takes power and blames the other and they keep in cycles that way.

[passwordnow]

That is a problem that a country which is rich in natural resources and then they've allowed foreign investors and businessmen to come to them. The necessity for these investors to get their natural resources will rotate to their business and it comes with a hefty fee. The profit is high from these and yet, it is the people that suffers from that innovation and business deals. There's little to no return to the locals who are near in the exploited area that's being dug for their natural resources. Like now, the EVs are becoming more and the materials need to create battery is important through mining the components of it in vast lands.

[CryptopreneurBrainboss]

Government needs to increase their capacity to create surplus and available resources to match their scarces effects on people and cost of living.

I am of the opinion that we should not leave the taking care of ourselves and the economy of our country in the hands of the government anymore because the government no longer have the will-power to maintain an economy that is growing in tremendous numbers and also the citizens of the countries are increasing in population. One thing the government can do right now is to bring about policies that'll favour entrepreneurs so that we can all contribute in our own way by rendering services, hiring workers and using technologies to provide jobs and a good economy to the nation. Scarcity is everywhere, there are scarcity in jobs as such they will be scarcity in food supplies and other things, every part of the world is experiencing this but it is just that some part of the world decide to hide it so as to paint their nation as the best but we all know where there is good, you can also find bad and vice versa.

[bangjoe]

I was thinking Scarcity only happen to your country since that's where am experiencing the hardship but studies shows the Scarcity is everywhere and to further prove that, it says any nations without beggars without street survivals and without common crime such nations can be tag no Scarcity nations but no such nations. Currently Ghana is experiencing high rate of suffering because of cost of living, Nigeria is in a threats for the depth of hunger and increase in prices and other parts of nations all going through the same.

Government needs to increase their capacity to create surplus and available resources to match their scarces effects on people and cost of living.

For regions that are highly dependent on resources from other regions, it will be difficult to live, especially when distribution is blocked so that the supply of commodities cannot be done, this will cause suffering, hence scarcity and will be very painful.
 
The thing that needs to be done is to find alternative ways to meet the needs in any way they can try, as long as they can be independent in meeting their needs it will be much better to survive than relying on things that are actually very difficult at this time, for example when fuel oil is very difficult, I know this is not easy, but if it can be done, why not do it, and this way of thinking can also be applied in other commodities, in a precarious situation any alternative can be tried as a form of hope to survive and live better.