Scarcity - The First Law of Economics
Economics is the study of how people make choices under conditions of scarcity to satisfy their unlimited wants.
People, regardless gender, color or income...have UNLIMITED WANTS
And of course...
A private yatch
Or why not a private jet?!
But...wait a minute...
We also have LIMITED RESOURCES to satisfy those Unlimited Wants
There will never be ENOUGH MONEY
That is called...
Scarcity exists when there is not enough of something to satisfy everyone's wants, AT A ZERO PRICE