Difference between revisions of "Artificial scarcity"
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| − | '''Artificial scarcity'''<ref>Tech Dirt describes "artificial scarcity" in an article published on | + | '''Artificial scarcity'''<ref>Tech Dirt describes "artificial scarcity" in an article published on 23 February 2012, retrieved 30 August 2013: http://www.techdirt.com/blog/innovation/articles/20120116/22095317427/real-scarcity-is-important-part-business-model-artificial-scarcity-is-terrible-business-model.shtml - archived here: http://archive.is/xqBMz</ref> describes the [[scarcity]] of items even though the technology and [[Economic production|production]] capacity exists to create an abundance. The term is 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 inefficiency associated with artificial scarcity is formally known as a [[deadweight loss]]. |
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== See also == | == See also == | ||
Revision as of 20:36, 26 December 2013
Template:Use dmy dates Template:Unreferenced Artificial scarcity[1] describes the scarcity of items even though the technology and production capacity exists to create an abundance. The term is 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 inefficiency associated with artificial scarcity is formally known as a deadweight loss.
See also
References
- ↑ Tech Dirt describes "artificial scarcity" in an article published on 23 February 2012, retrieved 30 August 2013: http://www.techdirt.com/blog/innovation/articles/20120116/22095317427/real-scarcity-is-important-part-business-model-artificial-scarcity-is-terrible-business-model.shtml - archived here: http://archive.is/xqBMz