Economy, asked by abhishek7702683480, 9 months ago

1. Scarcity is a situation in which
(a) wants exceed the resources available to satisfy them
(b) something is being wasted
(c) people are poor
(d) None of them

Answers

Answered by youarefuved

ANSWER: (a) wants exceed the resources available to satisfy them

EXPLANATION: The resources available to mankind are limited, however, the wants of the people are unlimited in nature. This leads to a shortage of resources, which satisfy these wants, which is termed as scarcity.

Answered by juhichauhan1595

Answer:a) wants exceed the resources available to satisfy them

Explanation:

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