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What are some practical implementations to slowly move our economy into a post scarcity society?

Economics Dec 12, 2020

What are some practical implementations to slowly move our economy into a post scarcity society?

Expert Solution

Answer and Explanation:

Some practical implementations to slowly move the economy into post scarce society are as follows:

1. Large scale automation: In post scarce society, goods are produced in abundance with minimal lobar. It is possible only when production is

done using advanced technologies.

2. Good health care: If people will focus on their health then they will be more productive and can work more efficiently than the rest of the

population.

3. Developed Infrastructure: Conversion of less developed infrastructure to developed infrastructure will help in easy distribution of more goods

and services in the society.

These are the things that show movement of the economy into post scarcity society.

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