What’s Scarcity?

Synopsis

Links economic theory with real business activity. In three parts: 1) Natural resources. Needs and wants. Economic scarcity. How real estate auctioneers make price a rationing system. Free goods. 2) resource use in a potter’s studio, a car factory and a polytechnic. Factors of production. Production goods and consumer goods. 3) Rationing by vouchers and first-com-first-served. Choice-government-producer-consumer. Examples of opportunity cost.

Series

Real World Economics, Series

Language

English

Country

New Zealand

Medium

Video; Videocassette. VHS. col. 17 min.

Year of production

1993

Availability

Sale; 1996 sale: £29.50 (+VAT +p&p)

Uses

Secondary/adult.

Subjects

Economics

Keywords

goods and services

Production Company

Name

New Zealand

Distributor

Name

Viewtech Educational Media

Notes

NB. Viewtech ceased trading in 2014 and the company’s products are no longer in distribution