Question

Define the problem of scarcity of resources.​

Answer 1

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.

Explanation:

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Answer 2

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☑️ Scarcity of resources promotes a lot pf problem among the different countries especially, a country might have huge amounts of a particular resource whereas some countries have a scarcity this difference leads to development of a the country's....

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