Scarcity project
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Scarcity refers to the fundamental economic problem of limited resources being unable to meet unlimited human wants and needs. It exists because society does not have enough productive resources to fulfill all human wants and needs. As a result, trade-offs must be made between pursuing one goal versus others. Goods and services that are scarce due to their limited availability are considered economic goods. Fruits like strawberries that are only available seasonally are an example of a scarce good, as demand sometimes exceeds supply, creating shortages.
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Poverty 2
What I Know, Assume, or Imagine
Poverty is the state of lacking something. Personally, I view poverty as the lack of ability in monetary terms. This is conveyed about by, one being declared bankrupt or unemployment or even one being lazy. These factors have led to people reoccupying their households and dwelling in the slums.
Not everyone though, who lives in the slums is poor and not everyone who also lives well is rich. From what I have learned, everyone who lives below one Dollar a day is poor.The Search
According to the dictionary, poverty is the state of lacking a social or common acceptable amount of material possessions or money. World Bank describes poverty as a deprivation of one’s wellbeing which comprises many dimensions. This is the inability of acquiring the basic goods and services and low incomes
Also, poverty girdles inadequate security, lack of a voice or say, low opportunity and capacity to better one’s livelihood, poor access to sanitation and clean water, and low levels of education and health.
Poverty is measured as either relative poverty or absolute poverty also known as extreme poverty. The Copenhagen Declaration focuses only on absolute poverty. Absolute poverty is the condition brought about by severe lack of basic human needs. These are food, clothing, shelter and security. Education, health and information are also included.
Absolute poverty is the state where one lives below one Dollar a day and relative poverty is the state by which one lives below two Dollars a day.
Relative poverty on the other hand is the state in which an individual lives within a society. This varies in most countries, but as stated above, anyone who lives below two Dollars a day is termed to be relatively poor.
According to a survey conducted by the World Bank Development Indicators in 2008, 12% of the world’s population are extremely poor. This means that these people live below one Dollar a day. 8% of the same population lived on 1.25 Dollars a day, 6% at 1.45 Dollars and 14% at 2 Dollars a day. This means that 28% of the world’s population are relatively poor. Generally, less than 80% of the population live below 10 Dollars a day.
The main causes of poverty around the World are, bad government policies, lack of individual responsibility, power and influence among businesses and exploitation of people. There are more factors like, agricultural cycles, warfare, natural disasters, power centralization, corruption and environmental degradation.
However, each of the causes above has a solution. In agricultural cycles, there are people in many parts of the world who rely solely on agriculture as their source of wealth and basic commodities. Normally, all consumption commodities will rely on the agricultural cycles. Take an example of fruits and vegetables. For the families who rely on these commodities, there are periods wh ...
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3) Understanding a child's culture is important for practitioners to effectively help children as culture shapes how children are raised and perceived. The text provides examples of using cultural perspectives from the Philippines.
Sharability Presentation
1. The document discusses the potential for better sharing of durable household goods to address issues of environmental degradation, economic irrationality, and social alienation caused by overconsumption.
2. It analyzes factors like durability, lumpiness, and granularity that determine a good's potential for sharing. Existing sharing models and obstacles to sharing are also examined.
3. The author proposes creating a sharing system called "Sharability.org" to research sharing attitudes and behaviors, with the goal of transforming casual sharing into a system that could significantly impact resource access and social interaction.
WHY Changing a behavior is so damn hard to do!
We talk a lot about changing behaviors, but do we understand why it's so hard to start a new behavior?? Let's look at why it's never easy and how we can use the power of marketing and communication to motivate action!
Critical Vocabulary
This document defines key vocabulary terms related to statistics, quality of life, wealth, and the environment. It includes definitions for terms like quality of life, correlation, indicator, standard of living, affluence, poverty, inequality, degrade, deteriorate, regress, carrying capacity, consumption, sustainable, and ecological footprint. These terms are important for understanding how statistics are used to measure and analyze factors like development, health, wealth distribution, and environmental impact.
16 Disturbing Facts that Destroy the Common Knowledge Bullsht Weve Been Taught
This document discusses 16 facts that contradict common knowledge. Some key points include:
- Keeping personal goals private increases the chances of achieving them, as announcing goals can satisfy the feeling of completion and decrease motivation.
- Self-control functions like a muscle that improves with exercise. Depleting willpower in one domain can impact other domains due to limited daily reserves.
- While passion is often seen as coming from enjoyment, research finds it is stronger when doing things one believes in rather than just enjoys.
- Unanswered callings in life are worse than having no calling, as they are detrimental to career, commitment, life satisfaction and health.
- Daydreaming can boost mood depending on content
Behavioral economics-principles with examples
This document discusses several concepts from behavioral economics including perverse incentives, prospect theory, and the tragedy of the commons. Perverse incentives are incentives that result in unintended negative consequences. Prospect theory suggests that people value gains and losses differently and make decisions based on perceived gains rather than losses. The tragedy of the commons describes how individuals acting in their own self-interest can ultimately deplete a shared limited resource, even when it is clear that it is not in anyone's long-term interest for this to happen. Examples are given for each concept.
Similar to Scarcity project (15)
Ashley WaddyEnglish 112November 23, 2015Poverty .docx
Ashley WaddyEnglish 112November 23, 2015Poverty .docx
Theories of Potential and the Creation of Inequality
Theories of Potential and the Creation of Inequality
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vulnirability of children and how to help them discover their talent
16 Disturbing Facts that Destroy the Common Knowledge Bullsht Weve Been Taught
16 Disturbing Facts that Destroy the Common Knowledge Bullsht Weve Been Taught
Scarcity project
- 1. SCARCITY By: AJ Par, Miko Isoola , Sungwon Hong