Confidence votes 2.1K. White rice unlike white flour is a natural product which is unbleached however a lot of the vitamins and minerals are removed during processing. White rice is produced by milling brown rice and removing the husk, bran, and germ. The rice is then polished, resulting in a bright, white, shiny grain.
One needs food, but does not have to have steak or dessert. One does not need glamorous trips, mall shopping, etc.. An important part of economics is the distribution of resources or goods so that people's needs are met. This is especially true in times of scarcity when there are not enough resources, goods or services.
Economics is the study of how we use our limited resources (time, money, etc) to achieve our goals. This definition refers to physical scarcity. In a recent book titled Scarcity, Mullainathan & Eldar (2013) (link is external) broaden the concept of scarcity by asking the following questions: What happens to our minds when we feel we have too little?