ELI5: Explain Like I'm 5

Post scarcity

Post scarcity means that there is more than enough of everything that anyone could need or want. It usually refers to resources such as food, water, shelter, and clothing, but could also cover things like energy, knowledge, or even leisure activities. Most people in the world today are not living in a post-scarcity society yet, because there is still not enough of these resources for everyone to have them in abundance. In a post-scarcity society, however, everyone would have access to the resources they need without having to worry about running out. Everyone would have enough to live happier and healthier lives.