What kind of economy would exist for individuals in a world without scarcity? 

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If there were no scarcity in the world, there would also be no economy.  The reason for this is that without scarcity, there is no such thing as economics and there is no such thing as an economic system.

Economics can defined as the study of how people make choices to reconcile their unlimited wants with their limited resources.  It can also be defined as the study of how society chooses to allocate its scarce resources when confronted with the fact that people have unlimited wants.  Either...

(The entire section contains 259 words.)

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