3 Answers

The principle of scarcity is simple. We tend to only value things that are rare. Gold, diamonds, vacations, winning the lottery, you get the idea?

Read more >http://life-engineering.com/1370/the-principle-of-scarcity/

it's the same thing as supply and demand. The scarcer something is.....the more people want it.......like that Christmas where every little kid wanted Tickle Me Elmo. So, parents and grandparents went crazy trying to find it. But the marketing magicians made it harder to find >> to create a panicky demand for it.

The belief in scarcity is the denial of abundance and providence.

providence |?präv?d?ns, -?dens|
noun
the protective care of God or of nature as a spiritual power: they found their trust in divine providence to be a source of comfort.
• ( Providence )God or nature as providing such care: I live out my life as Providence decrees.
• timely preparation for future eventualities: it was considered a duty to encourage providence.
ORIGIN late Middle English: from Old French, from Latin providentia, from providere ‘foresee, attend to’ (see provide) .
Providence |?präv??dens, -d?ns|
the capital of Rhode Island, a port near the mouth of the Providence River, on the Atlantic coast; pop. 171,557 (est. 2008). It was founded in 1636 by Roger Williams (1604–83) as a haven for religious dissenters.

Scarcity of anything is based on ignorance imposed by denial. "I have bread but not rice, there is nothing to eat without rice.” How childish to deny opportunity and refuse to adapt in a situation to embrace a hollow victory.