Additional resources for further exploration
This short article, "How Resource Scarcity Constrains China," gives a real-world example of how scarcity affects growth, economic planning, and political change on a national level.
http://www.businessweek.com/articles/2013-10-07/how-resource-scarcity-constrains-china#p1
This article briefly examines how cash and supply scarcities and labor shortages affect business executives and the decisions they make.
http://smallbusiness.chron.com/scarcity-affects-business-executive-33430.html
"Toys for Me: A Lesson on Choice" introduces kindergarten and elementary grades students to the concepts of scarcity and making economic choices.
https://www.econedlink.org/resources/toys-for-me-a-lesson-on-choice/
Click on the following link for resources that will guide you in teaching students to make smart consumer choices:
