Indian Broadband Policy and Regulatory Resources

Scarce Resources

In  economics any resource that is of substantial benefit but has limited availability less than its desired use is termed to be scarce resource. The authorities and regulatory bodies take measures to ensure that the resource usage is highly optimized. The good practice is to ensure that the resource is given to the ones who would ensure its best use. It is commonly believed that competition in using scarce resources ensure the best use. The regulatory authorities take measures to introduce competition in the usage of the scarce resources.  In terms of telecommunication and ICT, scarce resources are the spectrum, infrastructures such as towers, cables etc are deemed to be scarce resources.