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On the Forbes 2018 list of the World’s Billionaires, Jeff Bezos, founder and CEO of Amazon

On the Forbes 2018 list of the World’s Billionaires, Jeff Bezos, founder and CEO of Amazon, ranks at the top with a net worth of $112 billion. Does this “richest man in the world” face scarcity, or does scarcity only affect those with more limited incomes and lower net worth?

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Expert Solution

Jeff Bezos does face scarcity because resources are limited. A person’s net worth does not change the fact that everyone faces scarcity. Consider one of our most important resources— time. There are only 24 hours in a day, and everyone, including Bezos, must live their lives under this constraint, making decisions about how to spend this time. 

Junaid answered 8 months ago
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