A silly question, right? Abundance any day.

However when you look at which of the two possibilities the marketplace values most it’s all based on supply and demand.

According to the market theory of supply and demand, goods which are scarce—diamonds for example—are valued more than abundant ones—common stones. We equate value with scarcity.

All you need to do is go to your local gas station to experience the case of value equals scarcity in the rise in dollar price due to the genuine or fabricated shortage of supply.

And people are wiling to pay millions for artwork that is considered rare that would astonish the artist who often saw very little in the way of cash for his or her work when they were alive.

Why is that? Read More→