Khan Academy
Khan Academy: Production Possibilities Curve
The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production possibilities frontier (PPF), the PPC...
Khan Academy
Khan Academy: Rival and Excludable Goods
In this video [10:13] learn the difference between rivalry and excludability, and how these characteristics determine whether a good is a private good, public good, artificially scarce good, or common resource.
Khan Academy
Khan Academy: Scarcity and Rivalry
This video [6:31] discusses two closely related ideas in economics: scarcity and rivalry.
Khan Academy
Khan Academy: Scarcity
Dealing with scarcity is the basis of economics, but what does it mean to say that something is scarce? In this video [5:44], we explore the definition of scarcity in economics and how scarce resources are different from free resources.
Khan Academy
Khan Academy: Four Factors of Production
Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. In this video, we define each of the four factors of production and provide examples of each. [6:14]
Other
Jennifer Wilkinscolvin: Youtube: Module 1: Scarcity and Choice
An animated basic economic lesson about scarcity and choice. [2:08]
Other
B2 B Whiteboard: Scarcity
The concept of Scarcity is the fundamental economic problem of having humans who have unlimited wants and needs in a world of limited resources. It states hat society has insufficient productive resources to fulfill all human wants and...
