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 forces trade-off thinking. We recognize that having one thing means not having something else. If you spend $10 on anything, it is $10 less left for something else. Economists call this the opportunity costâthe alternative use of the money. Doing one thing means neglecting other things.