How do people actually believe in a post-scarcity society?

Economics Dec 12, 2020

Expert Solution

.People believe in post scarcity by comparing the phase of scarcity with scenario of today's

digitalization which has simplified each and every task where governments attempt to spread the knowledge and inform about opening up of new opportunities in many sectors like in education, new methods of cultivation of crops as well as the effect of globalisation, privatisation on the market. It has lead to a miracle change in the economy thus because of these factors people believe that one day the scenario of post-scarcity-society will be seen.

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