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Is Scarcity the Opposite of Abundance?
Scarcity as an economic concept “… refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good … .”[1] If the conditions of scarcity didn’t exist and an “infinite amount of every good could be produced or human wants fully satisfied … there would be no economic goods, i.e. goods that are relatively scarce…”[1] Scarcity is the limited availability of a commodity, which may be in demand in the market or by the commons. Scarcity also includes an individual’s lack of resources to buy commodities.[2] The opposite of scarcity is abundance.
You Probably aren’t Calling it Scarcity
You might be calling it self-doubt, naysayers, fear of the unknown, struggling, unworthiness, uncertainty, fear of failure (or success!), lack of money, or lack of time. Still, it’s scarcity that is holding you back in your business or keeping you from living a big life, so let’s confront and reframe, shall we?
The Antidote for Self-Doubt is Going For It
Doubt is often a combination of overthinking without action. It can look like freezing, hesitating, plateauing, getting stuck, questioning, comparing ourselves, or the…
