Artificial scarcity is when somebody limits the amount of goods or services that are available, although it would be simple to make more. Artificial scarcity can increase profits for a business. Some people will pay more for something that is scarce, because it shows that they are rich (a status symbol). Copyrights, patents, monopolies, cartels, planned obsolesence can make artificial scarcity.= = = Readability = = =
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