Reply To: Means are always scarce?


If you really have only one end for the machine and the machine fully satisfies that end, then the machine is not scarce. But, machines wear out and therefore, they do not fully satisfy even a single end as long as at end continues beyond the useful life of the machine.

Furthermore, for almost any valuable good one could imagine, there is always another end to which it could be put besides personal use and that is trading it to obtain something else.