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Many scarcity pessimists believe that the world will result in famine and war due to the problem of overpopulation. This article however highlights that the Price Mechanism has worked time and time again to effectively resolve this problem. When the price Mechanism is allowed to work, consumption regulates itself and technology provides us with substitutes. The price Mechanism is of the utmost importance as it helps allocate scarce resources. It allows for the most efficient use of resources on our planet

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