Economy, asked by kavyadevi, 6 months ago

11. Scarcity of resources arises only in
poor countries *
True
O
False​

Answers

Answered by bhumikadutta282
0

Answer:

False

Explanation:

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Answered by steffiaspinno
0

False, the scarcity of resources arises in all countries, whether rich or poor.

In economics, scarcity alludes to when a resource’s demand is more prominent than the stockpile of the resource and the resources available are limited. Scarcity is a fundamental monetary issue the opening between limited resources and theoretically unfathomable requirements. The current situation anticipates that people should make decisions concerning how to administer resources capably, to satisfy fundamental necessities, and anyway many additional requirements as could be permitted.

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