Difference between revisions of "Artificial scarcity"
Jump to navigation
Jump to search
(→Economic actions that create artificial scarcity: Marked as unreferenced since June, removing.) |
(this is airy OR) |
||
(3 intermediate revisions by the same user not shown) | |||
Line 1: | Line 1: | ||
'''Artificial scarcity''' describes the [[scarcity]] of items even though the technology and [[Economic production|production]] capacity exists to create an abundance. The term is aptly applied to non-rival resources, i.e. those that do not diminish due to one person's use, although there are other resources which could be categorized as artificially scarce. The most common causes are [[monopoly]] pricing structures, such as those enabled by [[intellectual property]] rights or by high [[fixed costs]] in a particular marketplace. The inefficiency associated with artificial scarcity is formally known as a [[deadweight loss]]. | '''Artificial scarcity''' describes the [[scarcity]] of items even though the technology and [[Economic production|production]] capacity exists to create an abundance. The term is aptly applied to non-rival resources, i.e. those that do not diminish due to one person's use, although there are other resources which could be categorized as artificially scarce. The most common causes are [[monopoly]] pricing structures, such as those enabled by [[intellectual property]] rights or by high [[fixed costs]] in a particular marketplace. The inefficiency associated with artificial scarcity is formally known as a [[deadweight loss]]. | ||
− | |||
− | |||
− | |||
− | |||
== See also == | == See also == | ||
{{Portal|Economics}} | {{Portal|Economics}} | ||
− | *[[Post scarcity]] | + | *[[Post-scarcity economy|Post-Scarcity]] |
*[[Disney Vault]] | *[[Disney Vault]] | ||
*[[Criticism of intellectual property]] | *[[Criticism of intellectual property]] |