Do rich families experience scarcity?
Yes! Even though rich people have more money, they still want more than they can buy. All people face the problem of scarcity. Also, all people rich or poor – face the problem of the scarcity of time. How do you experience scarcity in your life? Answers will vary. However, students do experience scarcity, such as having enough money to spend on things they want, time to do all the things they want, and space when packing the car for vacation, etc.
