Question: Scarcity Problems"
Watch this short video: Scarcity: The Basic Economic Problem to help you think about this week's discussion
Start your discussion by responding to these questions:
• What is a scarcity problem you've experienced in your work or home life?
• What system could you use to manage your scarcity problem?
• I live on a very tight budget I chose to use a lot of coupons when I shop for groceries, makeup and toiletries. I set a budget out for myself for a certain amount of money and then I take my time and use my coupons for everything that I buy. When I get to the check out counter sometimes I get money back from using my coupons because the item that I'm buying might be on sale that week and I have a coupon for that same item. It takes a little longer to shop but in the end when I walk out the store with everything I written down on my grocery list and extra cash in my pocket from my savings for that day