Economy, asked by gunidondada, 1 month ago

define the problem of scarcity​

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Answered by sensanchita62
1

Answer:

Scarcity refers to the limited availability of a resource in comparison to the limitless wants. ... A situation of scarcity requires people to judiciously or efficiently allocate the scarce resources to meet the needs of society

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Answered by marvaminuva
1

Scarcity refers to the limited availability of a resource in comparison to the limitless wants. ... A situation of scarcity requires people to judiciously or efficiently allocate the scarce resources to meet the needs of society.

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