Absence of scarcity would mean absence of economy .explain with logical reasoning
Answers
It seems that I am inquiring more deeply than I originally thought into economics. Frankly, I originally thought of the whole subject as about goods and services; and supply and demand. The subject gave me fits in college. While I passed both classes, it was pretty much a process of memorizing for the sake of the grade.
However, I find I have an intuitive understanding of economics that serves, and now seems to be deepening in understanding.
I looked up the definition of economics and find that its meaning is structured as a tripod.
According to Wikipedia: Economics is the social science that studies the production, distribution, and consumption of goods and services together with the working definition of Lionel Robbins in a 1932 essay in which he states economics is “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.” The third leg of the tripod is the origination of the word from the Greek which means “rules of the household”.
So we have one leg as the social science studying the production, distribution and consumption of goods and services; the second leg is that economics is the social science that studies human behavior as a relationship between ends and scarce means; and the third leg that says economics is literally the rules of the household.
The glaring flaw that I see immediately is the word scarce. The definition includes a belief in scarcity, which is a lie. Certainly it is what human mind believes to be true, but it is not Truth. This Universe, and this world within the Universe, is infinite. If we can desire it, imagine it, want it, it can be made manifest here.
So, for us to be wrestling a giant economic collapse and shift at this moment in time point to the flaw in the belief system, for this is where it all collapsed and why. If we believe, which we do, that there is a scarcity, then we will base our behaviors on that belief and make all subsequent decisions based on that belief. Hence, the banking demise, the car makers policies, and myriad and infinite other decisions that built a flawed economic system based on the belief in ‘not enough’.
Anything in the world which is not built on Truth will collapse eventually. This is Just as the Truth always surfaces, this is law. In Matthew 7:24-29 we are told to apply Truth to this physical life, and build on Rock (Truth) not sand (truth). The distinction is Truth is rooted in Universal Law, and truth is based on the ever-changing and fearful human mind.
Rubber meets the road. I speak not of religion, but rather of the Truth of our beingness. Everything we create on Earth is within the infinite Realm of Universal Law. When we operate outside of that Universal Law, the Infinite Stream of Well Being, we create mud that eventually washes away. Human mind creations not based on Truth (Source) cannot last – they are not sustainable.
Also included in the definition of economics is this statement: Scarcity means that available resources are insufficient to satisfy all wants and needs. Absent scarcity and alternative uses of available resources, there is no economic problem.