I know this is an unrelated post but I figured it would gain some traction is this sub. Anyways Wikipedia describes artificial scarcity as : To obtain maximum profits, producers may be restricting production rather than ensuring the maximum utilisation of resources. This strategy of restricting production by firms in order to obtain profits in a capitalist system or mixed economy is known as creating artificial scarcity. Or an easier way of saying this basically :
Artificial scarcity is scarcity of items despite the technology for production or the sufficient capacity for sharing. The most common causes are monopoly pricing structures, such as those enabled by laws that restrict competition or by high fixed costs in a particular marketplace. The inefficiency associated with artificial scarcity is formally known as a deadweight loss.
What examples of artificial scarcity have you guys seen in the industries you work in even if it's something small like throwing away extra food at the end of the day , medicine and so on .