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There is Never Enough of Anything Abstract In this essay I will assess how the role of scarcity takes place in our economy and in our daily life, and also I will describe how different political and economic models have developed to solve the problem of scarcity.In addition, I will talk about the role of the government in today’s economy, and I will compare and contrast capitalism vs.
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Scarcity is a construct of the tenseness between the limited resources and the limitless wants and demands of persons or states. For an person, limited resources are clip, money and accomplishments; and for a state, they are natural resources, capital, labour force and engineering.