Wednesday, April 10, 2019

Scarcity and Compassion Essay Example for Free

Scarcity and Compassion EssayAccording to the Oxford dictionary, scarcity is the same as shortage or presence in small numbers. In economics, scarcity is defined as the condition whereby human wants and needfully exceed what is produced or what can be produced by the available resources (Harford, 2006). On the other hand, compassion is the feel in fairness in diffusion of resources our humane aspects should not allow us to see others die hard without resources while we argon capacitated to provide to them.Economists have pointed out over the disagreement between these two aspects as one calling for equitable distribution of resources to all persons while the other points out equal distribution of resources is impossible as there are no enough resources for everyone. Scarcity thus explains the presence of the copious and the poor. Compassion plays a big subroutine as evidenced by empirical evidence on the ground especially on international level. Wealthy nations have always made attempts to make or so of their resources available to poor nations (Harford, 2006).Note that, the resources given away as aid are not unnecessary/ surplus resources per se. They are obtained from the taxpayers money whereby taxpayers could have allocated such resources in more economically workable options. Therefore, compassion by nations and/or on a household level continues to play great voice in distribution of scarce resources. The fact that man is a social animal ties him to the idea of share his economic resources with the ones deprived of those resources.The knowledge by an single of the suffering of another due to lack of resources either acting on a household level or any economic unit drives that individual to make decisions and/or implement policies that will favor the underprivileged according to his view. This explains why there are tax cuts and social benefits to the low income earners and unemployed respectively. Thus compassion plays and continues to pl ay a significant role in the distribution of scarce resources.

No comments:

Post a Comment