nonscarce
Nonscarce is a term used in discussions of resource economics to describe goods or resources that are abundant relative to human needs, such that scarcity constraints do not bind their provision or use under current technologies and conditions. In this sense, nonscarce resources are those for which demand does not create noticeable shortages at prevailing prices or marginal costs.
The concept is context-dependent. Scarcity arises from the relationship between supply, demand, and the costs of
Examples commonly cited as nonscarce in ordinary contexts include the ambient air in clean environments and
Relation to other concepts is notable. Nonscarce overlaps with the idea of free goods and with nonrival