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    • Producers may restrict production

      • To obtain maximum profits, producers may restrict production rather than ensure the maximum utilisation of resources. This strategy of restricting production by firms in order to obtain profits in a capitalist system or mixed economy is known as creating artificial scarcity.
      en.wikipedia.org › wiki › Artificial_scarcity

      Artificial scarcity - Wikipedia

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  3. en.wikipedia.org › wiki › Artificial_scarcityArtificial scarcity - Wikipedia

    Artificial scarcity is scarcity of items despite the technology for production or the sufficient capacity for sharing. The most common causes are monopoly pricing structures, such as those enabled by laws that restrict competition or by high fixed costs in a particular marketplace.

  4. avada.io › resources › artificial-scarcity-methodsThe 7 Best Artificial Scarcity Creating Methods - Avada

    In technical terms, according to Wikipedia, artificial scarcity is the scarcity of items that exist even though either the technology for production or the sharing capacity exists to create a theoretically limitless or at least greater quantity of production than currently exists.

  5. www.ncbi.nlm.nih.gov › pmc › articlesEditorial: Scarcity, regulation, and the abundance society

    Jan 25, 2023 · Will the abundance of some things just create new forms of scarcity in others—the raw materials that feed 3D printers, for instance, or the electricity needed to feed AIs and cryptocurrency? Will we come up with new forms of artificial scarcity, as brands and non-fungible tokens (NFTs) do?

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  7. www.investopedia.com › terms › sScarcity Principle: Definition, Importance, and Example

    Dec 18, 2020 · Marketers often use the principle to create artificial scarcity for a given product or good—and make it exclusive—in order to generate demand for it. The scarcity principle is related to pricing...

  8. medium.com › fr8-network › the-art-of-creatingThe Art of Creating Artificial Scarcity - Medium

    Aug 27, 2018 · Aug 27, 2018. 2. T oken burning, private sales, or even waiting lists are all marketing strategies for creating artificial scarcity. Artificial scarcity is the purposeful imitation...

  9. medium.com › swlh › artificial-scarcity-creatingArtificial Scarcity: Creating Demand with Smart Positioning

    Dec 19, 2020 · Artificial scarcity refers to a perceived scarcity of items, where the items’ availability is portrayed to be less than what it actually is. This creates an illusion that the item...

  10. papers.ssrn.com › sol3 › papersScarcity, Regulation, and the Abundance Society - SSRN

    Jul 7, 2022 · Luxury brands and NFTs offer examples of artificial scarcity created to reinforce a sort of modern sumptuary code. And we have seen effective, decentralized production based on economics of abundance in examples ranging from open-source software to Wikipedia.

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