areas arealand masspopcult landprot$per cap $ africa asia europe latin am australia/ oceania north...

RESOURCE ALLOCATION

ECONOMICS OF SCARCITY

AreasArea Land mass Pop Cult land Prot $ Per cap $

Africa

Asia

Europe

Latin Am

Australia/OceaniaNorth AmericaAntarctica

Land mass each area comprisesArea Land mass Pop Cult land Prot $ Per cap $

Africa 20

Asia 30

Europe 7

Latin Am 12

Australia/Oceania

6

North America

16

Antarctica 9

World AreasPie graph

Africa

Asia

NorthAmerica

Latin America

Europe

Oceania-Australia

Antarctica

Population of the land massArea Land mass Pop Cult land Prot $ Per cap $

Africa 20 11

Asia 30 60

Europe 7 14

Latin Am 12 6

Australia/Oceania

6 1

North America

16 8

Antarctica 9 0

Area Land mass Pop Cult land Prot $ Per cap $

Africa 20 11 5

Asia 30 60 12

Europe 7 14 20

Latin Am 12 6 5

Australia/Oceania

6 1 4

North America

16 8 12

Antarctica 9 0 0

Cultivated land…living area

Protein distribution

Area Land mass Pop Cult land Prot $ Per cap $

Africa 20 11 5 9

Asia 30 60 12 4

Europe 7 14 20 22

Latin Am 12 6 5 14

Australia/Oceania

6 1 4 7

North America

16 8 12 44

Antarctica 9 0 0 0

Income distribution

Area Land mass Pop Cult land Prot $ Per cap $

Africa 20 11 5 9 3

Asia 30 60 12 4 20

Europe 7 14 20 22 29

Latin Am 12 6 5 14 6

Australia/Oceania

6 1 4 7 2

North America

16 8 12 44 40

Antarctica 9 0 0 0 0

Per capita income (per person)Area Land mass Pop Cult land Prot $ Per cap $

Africa 20 11 5 9 3 740

Asia 30 60 12 4 20 940

Europe 7 14 20 22 29 8,230

Latin Am 12 6 5 14 6 1,900

Australia/Oceania

6 1 4 7 2 8,950

North America

16 8 12 44 40 13,910

Antarctica 9 0 0 0 0 0

LORENZ CURVE

• A GRAPHIC REPRESENTATION OF EQUAL VS UNEQUAL INCOME DISTRIBUTION

SCARCITY

• Unlimited wants

• I WANT• I WANT• I WANT

• Limited resources

• NOT ENOUGH• NOT ENOUGH• NOT ENOUGH

….TIME, MONEY,FOOD, CLOTHING

CAUSES OF SCARCITY

1. POOR DISTRIBUTION

2. RAPID INCREASE IN DEMAND

3. PERSONAL PERSPECTIVE

1. REDISTRIBUTE THE RESOURCES

3. MAKE BETTER USE OF OUR RESOURCES

2. MAKE MORE RESOURCES

SOLUTIONS TOTHE PROBLEM OF SCARCITY

4. GO WITHOUT

REMEMBER:

GIFT OF THE MAGI

Jim and Della or….

Economic phrases:Economics, ScarcityOpportunity costs,

& Barter

ABOUT THAT SURVEY ON HUNGER STATS…