Question

Consider the following and decide which, if any, economy is without scarcity:
(a) The pre-independence Indian economy, where most people were farmers.
(b) A mythical economy where everybody is a billionaire.
(c) Any economy where income is distributed equally among its people.
(d) None of the above.

Answer 1

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This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

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Answer - By Choudhary21

Answer 2

Answer: None of the above

Explanation: