Scarcity In The Film 'Milagro's Beanfield Wars'

Scarcity means that all resources are limited; some more limited than others, but nothing has an infinite supply. Basically, it is where there are unlimited wants and not enough resources for those wants. Take for example, in the film, directed by Robert Redford, “Milagro’s Beanfield Wars”, had a scarcity of water due to the incident that happened with farmer Joe Mondragon. All of the townspeople of Milagro, New Mexico had a limited resource of water, which made them angry because they had crops to feed; without water, the crops would die. In addition, a real world example of scarcity, now-a-day would be the fact that since the shortage of medical drugs are caused by “manufacturing problems to federal safety crackdowns to drugmakers abandoning

For example, during the movie, would be how the farmers would want their crops to be sold and made, depending on the reasons why consumers (a person who buys or purchases good for their own personal use) would buy their product. The farmers would use their crops as a utility to get more profit. A real life example would be the fact that people use A company that offers easy access to technical assistance. A utility would also be a tractor which could be an example of factors of production. The factors of production are productive resources that make up the four categories of land, capital, labor, and entrepreneurship. The tractor in the movie that joe Mondragon used to align the crops is an example that has all of the factors of production. The engine of the tractor could be counted as a capital good, the driver could be labor, the dirt or farm is the land, and selling or producing goods is an example of

Examples of services include the transfer of goods, such as the postal service delivering mail, and the use of expertise or experience, such as a person visiting a doctor. The services of doctors and surgeons would be at service of their patients to help improve their special health needs physically, emotionally, and mentally. Services also include barbers who are available to cut hair for the customers that they attract. In the film, the farmers utilize their crops to be at service to those who buy it. The lawyer, Charlie Bloom, would also be at service to defending Joe Mondragon, while the policeman would be at service to the townspeople by trying to enforce the law to keep everything in tact. Economic value is the worth of a good or service as determined by the market. Although other types of value are often important, economic values are useful to consider when making economic choices – choices that involve tradeoffs in allocating resources. The value of water in the film is extremely important due to the fact that the need of water is almost for anything they do: watering the crops, fields, bathing, drinking, etc. An example of economic value in real life would be diamonds. The scarcity and utility of diamonds automatically increase the value of each rare diamond in the