Economics examines how people use their scarce resources in an attempt to satisfy their unlimited wants (Colander). For example, the Department of Defense recently sent a proposal to Congress requesting a single-round of base closures to better use scarce resources. This proposal called the Efficient Facilities Initiative (EFI) amends and improves the former Base Realignment and Closure (BRAC) legislation. The legislation, if approved by Congress, would allow the Department of Defense to reduce infrastructure by closing, consolidating or realigning bases and facilities in the United States. The ultimate purpose of EFI is to better match facilities (supply) to forces (demand).
These changes are an essential step in the transformation and modernization of the armed forces. …
