Scarcity & Economics Now for this topic, if you open any economics book, you easily find this line "resources are limited and at the same time human wants are unlimited " well, you familiar with 'resources', 'limited', 'human wants' but connected those words with economics is a little difficult for a beginner, let's take an example and break it down, you want to buy a new pc in next month and now its price 50k and after one month when you go to the market or say order online you surprised by looking its price its 55k now!You should sound like Oh god!what happened in this 30 days that extra 5k added with my dream pc? There are two possible answers one is related to limited resources and another with unlimited wants, also we can relate them with two essential terms of economics, 'Supply'&'Demand'. suppose your country produces 95k of pc and 100k pc demanded by consumers, so 5k people are not getting their dream pc this mont...