Scarcity | Basic economics concepts | Economics | Khan Academy
5:44
YouTubeKhan Academy
Scarcity | Basic economics concepts | Economics | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/introduction-to-the-economic-way-of-thinking-macro/v/scarcity Introduction to scarcity as the notion underpinning the study of economics. View more ...
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Overspending due to scarcity trauma can be a coping mechanism to temporarily soothe emotional pain. Scarcity trauma often stems from a history of lacking basic needs or experiencing financial instability. When individuals carry this trauma into adulthood, they might develop a fear of scarcity, leading to hoarding and saving excessively. However in other individuals the opposite occurs. They spend in excess because having resources and security feels too unfamiliar and they spend to get back in t
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