Scarcity, Opportunity Cost and the PPC
14:12
YouTubeJason Welker
Scarcity, Opportunity Cost and the PPC
The basic economic problem is one rooted in both the natural world and in human greed. We live in a world of limited resources, but we seem to have unlimited wants ...
381.6K viewsAug 13, 2012
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Overspending due to scarcity trauma can be a coping mechanism to temporarily soothe emotional pain. Scarcity trauma often stems from a history of lacking basic needs or experiencing financial instability. When individuals carry this trauma into adulthood, they might develop a fear of scarcity, leading to hoarding and saving excessively. However in other individuals the opposite occurs. They spend in excess because having resources and security feels too unfamiliar and they spend to get back in t
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