Examlex
In this selection Hume argues that a person does not have a self. He says that learning comes from sensory impressions and that there does not seem to be a separate impression of the self that we experience. Therefore, there is no reason to believe that we have a self. The most with which we can identify ourselves is our consciousness, and that constantly changes. There is no separate, permanent self that endures over time; personal identity is a fiction.
-James thinks that evidence to decide between determinism and indeterminism is impossible to find.
Scarcity
At the heart of economic challenges lies the conflict between boundless human demands and the scarcity of resources.
Goods
Tangible products that are manufactured, bought, or sold, fulfilling the needs or desires of consumers.
Choices
The act of selecting between two or more possibilities or options in a decision-making process.
Rationing
Allocating a limited supply of a good or resource among people who would like to have more of it. When price performs the rationing function, the good or resource is allocated to those willing to give up the most “other things” in order to get it.
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