In this article, the author Bastiat argues that when it comes to goods, abundance is better than scarcity. Furthermore, he argues that as producers, we want the prices higher for what we produce as possible. As consumers, we want to pay lower prices as could be expected under the circumstances. Incidentally, our desires as a producer are against social. We advantage if a consumer is vulnerable and things are rare, along these lines raising costs for our items. Be that as it may, our desires as a shopper are useful to society. As a consumer, we wish for plentiful yields, enhanced strategies for generation and whatever else that expands wealth.
Scarcity and abundance are really important to the economics. Scarcity demonstrates boundless human
