ELI5: Explain Like I'm 5

Post-scarcity economy

A post-scarcity economy is an economy where resources are so abundant that there is no scarcity, or lack, of things that people need or want. This means that all people would have enough food, clothing, shelter, and other needs without having to worry about running out. In a post-scarcity economy, you would be able to get whatever you want without having to worry about cost, because everything would be available for free. In other words, you wouldn't ever have to worry about not having enough money to buy what you need or want.