ECON 101: Scarcity, Supply, and Demand The scarcity principle explains the price relationship between the constantly changing supply and demand. Conservatives MUST understand basic economics in order to fix the current economics problems facing the count

People living in scarcity may face unique challenges and limitations that can impact their perspective and the opportunities they perceive. Here are some aspects that people living in scarcity may struggle to see compared to those who are not: Abundance Mentality: Individuals in scarcity often have a mindset influenced by lack and limited resources. They may find it difficult to see possibilities for growth, abundance, or opportunities beyond their immediate circumstances. Long-Term Planning: Sc