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Why you should intentionally impose scarcity
- wccrawford 16y agoFalse conclusion, as usual. Yes, people are more inventive when the going gets rough. They -have- to be. And the market is willing to reward them for doing more work. Because there was no way without it! However, if you impose 'scarcity' and force people to work harder and be more inventive, what you get is a product that took more work, but isn't any more valuable. The market won't reward that... Especially since someone can come in and do it right, cheaper. I'm going to give the opposite advice: If you want to start a business, take a look at why something is scarce and remove that limitation. People will pay for that.