Scarcity will indeed always be a reality. Physical resources will always be limited compared to what we could use them for, so they will always be scarce. Tim

Scarcity will indeed always be a reality. Physical resources will always be limited compared to what we could use them for, so they will always be scarce. Time to do things will always be limited compared to what we may want to do, so we will always have to prioritize and take into account opportunity costs, time will always be scarce. And similarly for other "resources" you may consider (energy, attention, etc).