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According to economic theory. All value is derived from scarcity. What are your thought on this concept?

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January 10th, 2018

According to economic theory. All value is derived from scarcity. What are your thought on this concept? Is a goods value directly related to its degree of scarcity? Can you come up with any counter examples? Do you suppose these are merely exceptions to a rule that reasonable holds more generally?Answer the Question in your own words.

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