Economy, asked by elyngracezamora, 1 month ago

comprehensively discuss on how to ration scarcity?

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Answered by XxSilentAgent47xX

2

Answer:

Scarcity implies the need for a rationing device. If people have infinite wants for goods and there are only limited resources to produce the goods, then a rationing device must be used to decide who gets the available quantity of goods. Dollar price is a rationing device.

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