Can you summarize the Scarcity Principle in economics from this article?

What is the Scarcity Principle? The scarcity principle is a theory in economics that maintains that scarcity in the supply of a product and high demand for that product cause a discrepancy in the supply and demand equilibrium. According to this principle, a scarce or rare goods often has a higher value and this results in a mismatch between demand and supply. In order to reach an equilibrium between supply and demand, the scarcity principle offers that the price of a rare product be increased until the equilibrium is reached. Hence, only individual with higher purchase power will be able to afford a scarce commodity, denying others the chance to obtain the product. How does the Scarcity Principle Work? Oftentimes, market equilibrium is distorted as a result of a mismatch in the level of supply and demand. For instance, when there is more demand for a product than the number that is supplied, equilibrium cannot be reached. When there is a higher demand for a product, it means the product is scarce, for equilibrium to be reached, the scarcity principle suggests that the price of the scarce good be increased so that the levels of supply and demand will match. According to the scarcity principle, a scarce or rare product has a higher value than other normal products. When a product is scarce, there is high tendency that it will be more expensive than other products and this denied people with insufficient funds the opportunity to purchase the scare product. This is thereby cause a decline in demand until the levels of demand and supply are at equilibrium.
system
kya aap is lekh se arthshaastra main bikharaav ke siddhant ko sankshep main prastut kar sakate hai?

bikharaav kaa siddhant kya he?bikharaav kaa siddhant arthshaastra main ek siddhant he jo kisi utpaada kii aapurti main us kami ko banaae rakhata he or us utpaada ke liye ucch maang aapurti main visangati kaa kaaran banataa he or santulan kii maang karata he.is siddhant ke anusaar, ek durlabh yaa durlabh vastuon kaa aksar ek ucch mulya hota he or iske parinamswaroop maang or aapurti ke bich ek bemail hota he.aapurti or maang ke bich ek santulan tak pahunchane ke liye, bikharaav kaa siddhant pradaan karata he ki santulan tak pahunchane tak ek durlabh utpaada kii keemat bad jaati he.isliye, keval ucch kharid shakti vaale vyakti ek durlabh vastu ko vahan karne main sakasham honge, dusron ko utpaada praapt karne kaa mauka dene se inkaar karenge.bikharaav siddhant kaise kaam karata he?aksar, bazaar santulan aapurti or maang ke str main ek bemail ke parinamswaroop vikrut hota he.udhaaharan ke liye, jab aapurti kii jane vaali sankhya se adhik utpaada kii adhik maang hoti he, to santulan nahin kiya ja saktaa he.jab kisi utpaada ke liye adhik maang hoti he, to iskaa matlab he ki utpaada durlabh he, santulan tak pahunchane ke liye, bikharaav kaa siddhant bataata he ki durlabh achche kii keemat bad jaati he taaki aapurti or maang kaa str mail khaataa ho.bikharaav ke siddhant ke anusaar, ek durlabh yaa durlabh utpaada kaa anya saamaanya utpaadon kii tulana main adhik mulya hota he.jab koi utpaada durlabh hota he, to ucch pravriti hoti he ki yah anya utpaadon kii tulana main adhik mahangaa hoga or isane aparyaapt dhan vaale logon ko daraane vaale utpaada ko kharidne kaa avasar se inkaar kar diya.isse maang main giravat kaa kaaran banataa he jab tak ki maang or aapurti kaa str santulan main nahin hota he.
user
lekh ek aarthik siddhant ke rup main bikharaav ke siddhant ko paribhaashit karata he jo bataata he ki jab koi utpaada kam aapurti main hota he, lekin ucch maang main hota he to utpaada kii keemat tab tak badhegi jab tak ki ucch mulya kam maang or aapurti or maang santulan kaa kaaran banataa he.
assistant
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<|user|>
kya aap is lekh se arthshaastra main bikharaav ke siddhant ko sankshep main prastut kar sakate hai?

bikharaav kaa siddhant kya he?bikharaav kaa siddhant arthshaastra main ek siddhant he jo kisi utpaada kii aapurti main us kami ko banaae rakhata he or us utpaada ke liye ucch maang aapurti main visangati kaa kaaran banataa he or santulan kii maang karata he.is siddhant ke anusaar, ek durlabh yaa durlabh vastuon kaa aksar ek ucch mulya hota he or iske parinamswaroop maang or aapurti ke bich ek bemail hota he.aapurti or maang ke bich ek santulan tak pahunchane ke liye, bikharaav kaa siddhant pradaan karata he ki santulan tak pahunchane tak ek durlabh utpaada kii keemat bad jaati he.isliye, keval ucch kharid shakti vaale vyakti ek durlabh vastu ko vahan karne main sakasham honge, dusron ko utpaada praapt karne kaa mauka dene se inkaar karenge.bikharaav siddhant kaise kaam karata he?aksar, bazaar santulan aapurti or maang ke str main ek bemail ke parinamswaroop vikrut hota he.udhaaharan ke liye, jab aapurti kii jane vaali sankhya se adhik utpaada kii adhik maang hoti he, to santulan nahin kiya ja saktaa he.jab kisi utpaada ke liye adhik maang hoti he, to iskaa matlab he ki utpaada durlabh he, santulan tak pahunchane ke liye, bikharaav kaa siddhant bataata he ki durlabh achche kii keemat bad jaati he taaki aapurti or maang kaa str mail khaataa ho.bikharaav ke siddhant ke anusaar, ek durlabh yaa durlabh utpaada kaa anya saamaanya utpaadon kii tulana main adhik mulya hota he.jab koi utpaada durlabh hota he, to ucch pravriti hoti he ki yah anya utpaadon kii tulana main adhik mahangaa hoga or isane aparyaapt dhan vaale logon ko daraane vaale utpaada ko kharidne kaa avasar se inkaar kar diya.isse maang main giravat kaa kaaran banataa he jab tak ki maang or aapurti kaa str santulan main nahin hota he.</s>
<|assistant|>
lekh ek aarthik siddhant ke rup main bikharaav ke siddhant ko paribhaashit karata he jo bataata he ki jab koi utpaada kam aapurti main hota he, lekin ucch maang main hota he to utpaada kii keemat tab tak badhegi jab tak ki ucch mulya kam maang or aapurti or maang santulan kaa kaaran banataa he.</s>
