Economy, asked by wawerukevin01, 9 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....

Previous Question

Next Question

Similar questions

Hindi, 4 months ago

छायावादी कविता की विशेषताओं का उल्लेख कीजिए...

English, 4 months ago

Describe in brief the robbery at the vicarage.

Science, 4 months ago

molecular formula of pantane , pantene and pantyne .

Biology, 9 months ago

How morula differ from blastocyst.?

Math, 9 months ago

ek kapde ki kampani thok bikretao ko 15percent batta ghosit karti hai .ms sachhdeva us kampani se 25000 rs ke kapde is batte ke sath kharidate hai .us kapdo ko bechane ka mulya is prakar nischit karte hai ki vah kampani ke prarambhik mulya par 8 percent ka labh kamaye .kul mulya kya hoga...

Math, 1 year ago

the length breadth and hight of a room are 1050 cm 750cm and 425 cm respectively find the length of the longest tape Which can measure the dimensions of the room exactly...

Math, 1 year ago

Water is flowing at the rate of 6km/h through a pipe of diameter 14 cm into rectangular tank of dimensions 60 m long and 22 m wide. Determine the time in which the level of water in tank will rise by 7 cm.

Math, 1 year ago

There are 2 whole bagels and three fourths of third bagel write a mixed number that represents the amount of bagels so what is the answer to this question...