Scarcity

In micro society this week we learned about scarcity and chose our flag and our society name.

What Is Scarcity?

Scarcity is where there isn't enough of something and it usually makes the scarce item more valuable.

In our society we decided to choose our flag by doing a running race. I don't think that we made the right decision. We chose a running race because we all wanted a extra break. We could have ended up with a bad flag, but luckily Patrick won and his flag was really good. Next time, I would think more about my decisions.