Friday, April 27, 2012

The universal problem of scarcity

Scarcity is the basic economic problem. Human beings have unlimited needs, desires and wants, but limited resources to fulfill them all. To “economize” is to make a decision, to choose which goods will yield the highest satisfaction given the limited resources.


1) Cite two examples from your daily life in Macau, e.g. when you encounter the problem of scarcity and how you “economize.”

In my daily life, there are not much urgent problems of scarcity. However, everybody buy water when there is a red tide. In this situation, besides buying water I have to economize the usage of water too such as to take showers instead of taking baths in bathtub, to have a proper capacity of water for washing dishes and clothes. After this event, my family is used to economize water no matter water for drinking or cleaning. Money is also the problem that I encounter as human wants are unlimited and so am I. That is why I am scarcity of money and I believe it is also the problem of everyone in the whole wide world even the richest. Even though money is not omnipotent, it is helpless without money. Therefore, I have a plan to economize my money, at the meanwhile; I also have a plan for earning money. To scan the usage of money not to buy what I want but to buy what I need. To choose the worth need to spend on.


2)  Cite two examples of scarcity and economizing from the point of view of a government, e.g. the Macau government. In what situations does the Macau government encounter scarcity and how does it try to economize? You can refer to news articles.

There is no water scarcity problem in Macau, but Macau government encourage citizen to save water as Zhuhai which is the city who provide water to us is threatened by the water shortage of Pearl River Delta. In order to economize the usage of water, Macau government offers rebate for those who use less water comparing to the same period of last year. It is according to the news ‘Macau’s government to offer rebate for those using less water’ (2009-11-10). Macau is scarcity of resources and it is not the problem only affecting Macau also the whole wide world. As all the resources are limited, we have to economize the usage of resources and do not do it only in the last minute. Recently, Government makes efforts in carrying out the awareness of protecting the environment. To use reusable resources instead of stuffs like plastic. Macau government also encourages us to economize the usage of water and electricity. There are lots of ways that we can protect our environment and save materials. If we do not follow it, we will pay for it.

Reference
http://www.macaunews.com.mo/index.php?option=com_content&task=view&id=644&Itemid=3

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