Given what you now know about abundance and scarcity, how do you think abundance/scarcity affects society’s production possibilities? How do you think it affects businesses’ decisions? What tradeoffs...

Given what you now know about abundance and scarcity, how do you think abundance/scarcity affects society’s production possibilities? How do you think it affects businesses’ decisions? What tradeoffs do you think businesses make as a result of abundance and scarcity?