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.
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?