When Kinect is equipped, you'll use a separate menu system than you've known on the 360. It's simpler, ditching tabs for simpler iconography. To load Netflix, you can wave to hit the Netflix button, or you just say Netflix.. Pause by telling it to pause or reaching in the air to grab a virtual pause button.
DEFINITION of 'Scarcity'. The basic economic problem that arises because people have unlimited wants but resources are limited. Because of scarcity, various economic decisions must be made to allocate resources efficiently.
Scarcity Versus Shortage. Scarcity is not the same thing as shortage. A shortage occurs when consumers want more of a good or service that producers are willing to make available at a particular price. Scarcity always exists. There simply are not enough goods and services to supply all of society's needs and wants.This is because the resources that go into making those goods and services are themselves scarce.carcity Versus Shortage. Scarcity is not the same thing as shortage. A shortage occurs when consumers want more of a good or service that producers are willing to make available at a particular price. Scarcity always exists. There simply are not enough goods and services to supply all of society's needs and wants.