ne of the basic ideas of economics is scarcity -- it's the idea that people have unlimited wants and only limited resources. I agree with that principle because there is no way money could buy everything I want. There are a couple of reasons for this:
Some things I want are not tangible. For example, I want to be loved and money can't buy that.
Some tangible things I want are not for sale. I would love to live in a house at a certain place in Mt. Rainier National Park that I have been while backpacking. I can't have that -- it's not for sale.
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