Final answer:
Scarcity is more prevalent in society today as human wants exceed available supplies and resources are inherently limited, while demand is seemingly unlimited, leading to strategic decision-making.
Step-by-step explanation:
Within our society today, scarcity is more prevalent than surpluses. This is because, by definition, scarcity encapsulates the idea that human wants for goods and services exceed the available supply. To illustrate, despite the wealth that individuals like Bill Gates and Warren Buffett possess, they cannot have endless resources because supply is inherently limited due to the finite availability of resources. Additionally, demands are virtually unlimited, and human nature seems inclined to desire more, regardless of how much supply there is. Moreover, globalization has intensified this issue by interlinking economies, which results in a complex web of supply and demand across borders that is difficult to balance. Ultimately, the condition of scarcity compels societies and individuals to make strategic choices regarding the allocation of their finite resources.