Scarcity value
Scarcity value is an economic factor describing the increase in an item's relative price by an artificially low supply. Whereas the prices of newly manufactured products depends mostly on the cost of production (the cost of inputs used to produce them, which in turn reflects the scarcity of the inputs), the prices of many goods—such as antiques, rare stamps, and those raw materials in high demand—reflects the scarcity of the products themselves.
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Scarcity value
Scarcity value is an economic factor describing the increase in an item's relative price by an artificially low supply. Whereas the prices of newly manufactured products depends mostly on the cost of production (the cost of inputs used to produce them, which in turn reflects the scarcity of the inputs), the prices of many goods—such as antiques, rare stamps, and those raw materials in high demand—reflects the scarcity of the products themselves.
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Scarcity value is an economic ...... the case of the bluefin tuna.
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Scarcity value is an economic ...... ty of the products themselves.
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Scarcity value
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