Scarcity (Part 1)

Scarcity is at the heart of economics. We appreciate money because it is hard to get by, there is a GREAT demand for it, and there is a lack of it.

Products and commodities that are rarer are worth more, for example, a Rolls Royce vs a Toyota or diamonds versus common pebbles.

The Rolls Royce costs more due of its manufacturing process and high-quality components. These high-end cars are not mass-produced; instead, each stage of the manufacturing process is very important and is occasionally tailored to the needs of the customer. Depending on how rare a vehicle is, that determines its worth.

The rarity of diamonds is what gives them their value; the majority of us, however, have seen far too many ordinary pebbles. I'm attempting to illustrate the notion that anything or someone is naturally valued more if it is rare.

This explains why dining in a 5-star establishment costs much more than at a fast-food restaurant. Every meal is a piece of art and is produced to order since fast food businesses focus on mass manufacturing and five-star restaurants on customisation.

Let's pretend that "wealth" and "poverty" were commodities that were for sale. Which one would be more valuable? The solution is very simple: wealth would cost considerably more because it is scarce; poverty, on the other hand, is always easily accessible to everyone.

I ask that you do so. Being a "Scarce" commodity increases the worth of humans in society. Although there is a large "supply" of "regular" typical Joes, there is sadly no market for them. Find out who the MVPs are in every field and profession. Everyone wants a "piece" of them because they are a rare breed.

Allow me to illustrate my entire idea using football: the most valued players are those who are uncommon and hard to come by. Actually, no one wants a regular player since they will bring the entire team down. Everyone seeks to add a top performer to their team.

What I'm trying to imply is that there is a lot of "supply" of a particular kind of person (LAZY, REGULAR, DISRESPECTFUL, UNTRUSTED....) in the world. Make a statement about who you are, and your "value" will soar. Everyone will want you to be a part of their group and team, which provides you options and negotiating power.

My whole point is this :

High performing individual are Scarce hence they are more valuable

Wise people are Scarce hence they are more valuable.

Whoever is more Scarce is more valuable...(Let me speak as if people were a product or commodity)

This is why Christiano Ronaldo is worth what he is today... Scarcity determines value

There is a shortage in supply of highly valuable individuals when there is a GREAT demand for them... If you want to be in high demand and highly sought after.. Be a Rare breed and your value will increase exponentially.



                     




                     

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