This would require a sophisticated system of resource recycling, in conjunction with advanced productive technology that enables conditions of material abundance, such as automated systems capable of converting raw materials into finished goods[not verified in body], which in turn enable the free distribution of most or all economic output and the common ownership of the means of production used therefor. The scarcity model Scarcity is the fundamental economic assumption of having seemingly unlimited human needs and wants in a world of limited resources. Society has insufficient productive resources to fulfill all human wants and needs. Alternatively, scarcity implies that not all of society's goals can be pursued at the same time; trade-offs are made of one good against others. As such, the term "post-scarcity economics" may be somewhat paradoxical. However, in classical Marxian economics, scarcity is said to be peripheral. Post-scarcity economics Means Effects
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