Scarcity: The Civil Rights Act Of 1964

Scarcity refers to a situation in which human desires for goods, services, and resources exceed the available supply. This means that everything is limited and there will never be enough to fulfill all of our wants. In particular, resources such as land, labor, and raw materials are necessary but finite. As a result, every society must make choices about how to allocate its resources. In most cases, there is simply not enough money to do everything, so we must prioritize and use our resources in the most efficient way possible to achieve a balance. Opportunity cost is the value of the next best alternative that is given up in order to pursue a certain choice. In other words, it is the cost of choosing one option over another. For example, if a person chooses to spend their money on a new phone, the opportunity cost would be the other things they could have purchased with that money, such as a new laptop or a vacation. This concept is
These laws should be fair, publicly known, consistently enforced, and applied to all citizens of society. It is crucial for these requirements to be met in order to ensure equal treatment and justice for all individuals. The Civil Rights Act of 1964 serves as a prime example of the impact of legislation on societal progress. This landmark law prohibited discrimination based on race, religion, color, or national origin in public areas, including bathrooms, schools, and employment. Despite facing significant challenges, it was eventually passed, marking a significant step towards equality and justice. The economic implications of the Civil Rights Act were far-reaching, as it ensured fair employment practices. Its passing led to higher incomes and wages, better job opportunities, and progress in reducing poverty rates, ultimately resulting in increased productivity and overall societal