You are on page 1of 1

An Essay about

Associate or relate the non-satiation of wants to scarcity.

More Is Better. The more-is-better property (the economics jargon is non-satiation) holds
that, all else the same, more of a commodity is better than less of it.

Based on my own research and understanding about what is reflected in our module of needs
and wants, that if we relate the non-satiation of wants to scarcity it will fall into several
preferences. Preferences are evaluations, they concern matters of value, typically in relation to
practical reasoning. Non-satiation refers to the belief any commodity bundle with at least as
much of one good and more of the other must provide a higher utility, showing that more is
always better, always wanting more is known as non-satiation. The resources that we value—
time, money, labor, tools, land, and raw materials—exist in limited supply. There are simply
never enough resources to meet all our needs and desires. This condition is known as scarcity.
And here now is the argument that the non-satiation of wants to scarcity, if we based our
assumptions to being human guess, we may say that people always want more. But in economics
we may say that we have the guiding principles as to how we may address the scarcity of
resources in relation to the peoples wants. One example is that if a resource becomes scarce they
may not produce any more of that good and switch to an alternative good. The government in a
command economy tries to solve the problem of scarcity by only producing the goods that they
assign priority to and thus depriving the individuals in the society from being able to satisfy
some of their other wants.

https://en.wikipedia.org/wiki/Preference_(economics)

Rutger Claassen, in: I. van Staveren & J. Peil (eds.) Handbook of Economics and Ethics
(2009).

https://courses.lumenlearning.com/wm-microeconomics/chapter/understanding-economics-and-
scarcity/

https://www.markedbyteachers.com/gcse/business-studies/how-do-economic-systems-solve-the-
problem-of-scarcity.html#:~:text=Another%20method%20the%20governments%20use,using
%20more%20factors%20of%20production).

You might also like