Question: After the Second World War, shortages in resources ( e . g . , metals, oil, coal ) led to a negative mindset. This mindset
After the Second World War, shortages in resources eg metals, oil, coal led to a negative mindset. This mindset created new concerns regarding economic growth and population growth for the United States. The Paly Commission was tasked with developing year projections of economic resource growth; there was debate about population growth as set too low and resource use as set too high The commission decided to adjust the definition for scarcity by changing the measure of
absolute scarcity of a resource to a relative, pricebased definition of scarcity.
relative scarcity of a resource to an absolute pricebasedfrjefinition of scarcity.
demand scarcity of a resource to a relative, pricebased definition of supply scarcity.
relative supply scarcity of a resource to an absolute pricebased definition of structure scarcity.
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