Economy, asked by wawerukevin01, 8 months ago

defination of scarcity

Answers

Answered by ayushi12452

2

Answer:

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. 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.

Answered by falak8463

1

Explanation:

scarcity means less or insufficient....

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