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 is an essential principle of economic sustainability. Things have economic value only if they are scarce â meaning there is not enough for everyone to have all they want. The economic or exchange value of something is different from its intrinsic or use value.