Clip

Scarcity and the Concept of Money
listen on SpotifyListen on Youtube
1:45:11 - 1:46:35 (01:23)

Scarcity occurs when demand exceeds supply, which is true for money as well. However, the unique thing about money is that its demand always exceeds supply, as it is the most marketable good that can be traded for any other good or service.

Similar Clips