Trusted by Students Everywhere
Why Choose Us?
0% AI Guarantee

Human-written only.

24/7 Support

Anytime, anywhere.

Plagiarism Free

100% Original.

Expert Tutors

Masters & PhDs.

100% Confidential

Your privacy matters.

On-Time Delivery

Never miss a deadline.

What would the upper class or elite be in a totally post-scarcity society?

Economics Dec 12, 2020

What would the upper class or elite be in a totally post-scarcity society?

Expert Solution

According to economics, everything that is demanded by consumers is limited in supply. Money, raw materials, labour and time among other natural resources are examples of scarce resources. Basically, all things that come with a cost are scarce in nature. As a result, humans should carefully make economic decisions under consideration of scarce conditions.

A post scarcity society is a type of society in which all the things desired by consumers will be readily available for free. A post scarcity society is not achievable. No person have to work hard to get what he requires. People working will be working for fun and not because they are not able to meet their needs.

The elite or the upper class people are people who are well-known in the society. They will choose the activities to carry out or people to discharge their duties to at zero cost. However, their clients will get what they want but not from anybody or at any place.

Archived Solution
Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In
Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution
Get Custom Quote
Secure Payment