Group items tagged

This is an article from last month, and I took it from "The Economic Times". It talks about how India could face water scarcity in the near future due to their growing population.

I have chosen this topic because it emphasizes the importance of balancing the number of births per year. It can be seen as a really good thing of increasing the number of your race, but it can be a big problem if the population get out of the control and limits the water per people in the country

India is in danger of moving towards water scarcity conditions as per capita availability of water is reducing in the country, due to variations in rainfall and increase in demand for water from industries.

This article about scarcity explain the effects of scarcity on people's economic choices.

This article talks about scarcity and how it can be used in marketing. Pliny the Elder is a type of beer is very sought after but they do not make a lot of it. Therefore people find it more valuable because there is less of it.

This article is about how the scarce resource of water is affecting Iraq's stumbling economy. Although a "seawater injection" project has been designed to help Iraq's economy, the lack of resources is what is holding them back. There is also a lack of materials (industry sources) being used to extract the water from the fields; pipes, pumps and new kits to separate larger quantities of water are also scarce. Overall, this article shows that Iraq must deal with what materials or resources are vital to benefit themselves. Scarcity of water and labor sources are affecting a boost in their oil production. -Victoria Benavides

This article is about if economic uncertainty make you save more - or spend more. It suggests how the answer may depend on your childhood experience and explains why poverty can sometimes be difficult to escape.

This article, by The Time, is considered with the idea that whether economic uncertainty make you spend more or not. The author directly suggests that it depends on the childhood experiences that you went through. Therefore, the article shows how two experiments proved that poverty is hard to escape. The participants in the experiments were forced to make 20 decisions which include a decision between recieving $30 right now or $41$ later. They later proved that poor ones take the money immediately where as the rich ones take the money after.

The article discusses how water is not recycled. I thought it applied because water is a Free Good but by being discarded in this way we are paying for it to be processed then discarded. I also thought it captured the first thing I learned of how scarce resources are/should be allocated

The USDA is investing in farms to increase production of organic and local goods. This article relates to demand and scarcity seeing as organic and local goods are something that a lot of people want but not many can regularly get because of low production and high prices.

I know this may be a bit different, but I still found it quite interesting and figured that I could post it since this definitely deals with opportunity cost and scarcity, lol.

Gujarat is experiencing a rainfall deficit due to late onset of monsoon and shortfall of rains in many parts of the state until mid-August.This may lead to water reservoirs being empty before next summer.

I think something should be done about it else those supplying them with the water till next year June may also run out of water. I guess most of their crops are dying out already since there is isn't enough rainfall.

This article is about the discovery of natural gas and oil in Africa. It focuses on the changing of landscape and unlocking Africa's potential gas and oil opportunities.

A small but growing number of multimillion-dollar investors requested on a United Nations summit this week to take more aggressive steps towards preserving our planet. A main reason for this movement is carbon dioxide emissions that are produced by combustion of fossil fuels, such as oil, coal or natural gas. Furthermore, this is a direct cause for the rise in average global temperatures over the last 150 years. One of the most significant demands for the government was to invest more in the clean, renewable energy.

This article talks about how scarce affordable housing is in California. It talks about how a certain Apartment block with 160 apartments received 4000+ applicants, how to reduce the problem, and the reasons for the problem in the first place.

This article addresses several economic issues, like the US dollar inflation that is now not even backed by real gold, the demand and supply of gold, the dramatic reduction of this product in certain markets, and how this will affect the market overall.

Short Description: A teacher brings his students cakes and then lets them take only two slices, he then connects this to opprotunity cost in the real world. You only have a certain amount of funds, and you have to make your choice. The cakes represented shares while the amount you could take represented the funds.

A news report focusing on the economic, meaning the resource consequences of the conflict between Ukraine and Russia, and also highlighting Europe`s dependance on Russia`s oil and how European nations would suffer if there were to be a conflict between Russia and the rest of Europe.

This article speaks of a pressing issue I have been following for the last few years. The affect that water depletion is having and will have if we do not stop bottling companies as well as find new ways to conserve water.

With the new iPhone 6 launch, people in Australia have been ordering the iPhone 6 only to find out that there isn't any stock. Even with a 600+ EUR price point, iPhones are still in high demand. There are rumors that apparently China is stealing most of the stock because there's a big market over there.

The oceans are a crucial for human life, and their everyday functioning. The oceans produce $3 trillion of goods and services each year and are untold value for the Earth's ecology. Despite this fact, humans continue to damage this valuable source of life, and the nature is damaging us back by the melting of the Arctic ice in summer, the spread of oxygen-starved dead zones and the death of coral reefs. An example where the nature is harming us back can be seen in Thailand where the coastal mangrove swamps were cleared to set up shrimp farms. However, the ocean storm surges in 2011, rushed in to flood the country's industrial heartland, causing billions of dollars of damage causing the market failure.

The stocks of prawns, lobsters, and crawfish are plummeting drastically due to the dredging and trawling in inshore waters. Actions have been taken to improve the marine life, and regulations are being imposed on the dredging. The limitations of inshore fishing addresses the problems of seafood scarcity and depleting the marine population.

The price of condoms in Venezuela have skyrocketed to $755 a pack due to a collapse in oil prices. This is an example of market failure with dire consequences. Venezuela has one of the highest HIV infection and teenage pregnancy rates in South America. The collapse in oil prices has caused shortages in many basic products.