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RESOURCE ALLOCATION

RESOURCE ALLOCATION. ECONOMICS OF SCARCITY. Areas. Land mass each area comprises. World Areas. Pie graph. North America. Africa. Latin America. Europe. Asia. Oceania- Australia . Antarctica. Population of the land mass. Cultivated land…living area. Protein distribution.

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RESOURCE ALLOCATION

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  1. RESOURCE ALLOCATION ECONOMICS OF SCARCITY

  2. Areas

  3. Land mass each area comprises

  4. World Areas Pie graph North America Africa Latin America Europe Asia Oceania- Australia Antarctica

  5. Population of the land mass

  6. Cultivated land…living area

  7. Protein distribution

  8. Income distribution

  9. Per capita income (per person)

  10. LORENZ CURVE • A GRAPHIC REPRESENTATION OF EQUAL VS UNEQUAL INCOME DISTRIBUTION

  11. SCARCITY • Unlimited wants • I WANT • I WANT • I WANT • Limited resources • NOT ENOUGH • NOT ENOUGH • NOT ENOUGH ….TIME, MONEY, FOOD, CLOTHING

  12. CAUSES OF SCARCITY 1. POOR DISTRIBUTION 2. RAPID INCREASE IN DEMAND 3. PERSONAL PERSPECTIVE

  13. SOLUTIONS TO THE PROBLEM OF SCARCITY 1. REDISTRIBUTE THE RESOURCES 2. MAKE MORE RESOURCES 3. MAKE BETTER USE OF OUR RESOURCES 4. GO WITHOUT

  14. REMEMBER: GIFT OF THE MAGI Jim and Della or…. • Economic phrases: • Economics, Scarcity • Opportunity costs, • & Barter

  15. ABOUT THAT SURVEY ON HUNGER STATS…

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