Question

differenciate between welfare and scarcity​

Answer 1

Answer:

answer

3. Welfare and satisfaction: Marshall assumes that main aims to utilize wealth to achieve maximum material welfare, whereas Robbins assumes that main aims to utilize scarce resources to achieve maximum satisfaction. In reality, there is no wider difference between welfare and satisfaction.

Answer 2

Answer:

ᴡᴇʟғᴀʀᴇ

ᴡᴇʟғᴀʀᴇ ʀᴇғᴇʀs ᴛᴏ ᴀ ʀᴀɴɢᴇ ᴏғ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴘʀᴏɢʀᴀᴍs ᴛʜᴀᴛ ᴘʀᴏᴠɪᴅᴇ ғɪɴᴀɴᴄɪᴀʟ ᴏʀ ᴏᴛʜᴇʀ ᴀɪᴅ ᴛᴏ ɪɴᴅɪᴠɪᴅᴜᴀʟs ᴏʀ ɢʀᴏᴜᴘs ᴡʜᴏ ᴄᴀɴɴᴏᴛ sᴜᴘᴘᴏʀᴛ ᴛʜᴇᴍsᴇʟᴠᴇs. ᴡᴇʟғᴀʀᴇ ᴘʀᴏɢʀᴀᴍs ᴀʀᴇ ᴛʏᴘɪᴄᴀʟʟʏ ғᴜɴᴅᴇᴅ ʙʏ ᴛᴀxᴘᴀʏᴇʀs ᴀɴᴅ ᴀʟʟᴏᴡ ᴘᴇᴏᴘʟᴇ ᴛᴏ ᴄᴏᴘᴇ ᴡɪᴛʜ ғɪɴᴀɴᴄɪᴀʟ sᴛʀᴇss ᴅᴜʀɪɴɢ ʀᴏᴜɢʜ ᴘᴇʀɪᴏᴅs ᴏғ ᴛʜᴇɪʀ ʟɪᴠᴇs.

sᴄᴀʀᴄɪᴛʏ

sᴄᴀʀᴄɪᴛʏ ɪs ᴛʜᴇ ʟɪᴍɪᴛᴇᴅ ᴀᴠᴀɪʟᴀʙɪʟɪᴛʏ ᴏғ ᴀ ᴄᴏᴍᴍᴏᴅɪᴛʏ, ᴡʜɪᴄʜ ᴍᴀʏ ʙᴇ ɪɴ ᴅᴇᴍᴀɴᴅ ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ ᴏʀ ʙʏ ᴛʜᴇ ᴄᴏᴍᴍᴏɴs. sᴄᴀʀᴄɪᴛʏ ᴀʟsᴏ ɪɴᴄʟᴜᴅᴇs ᴀɴ ɪɴᴅɪᴠɪᴅᴜᴀʟ's ʟᴀᴄᴋ ᴏғ ʀᴇsᴏᴜʀᴄᴇs ᴛᴏ ʙᴜʏ ᴄᴏᴍᴍᴏᴅɪᴛɪᴇs. ᴛʜᴇ ᴏᴘᴘᴏsɪᴛᴇ ᴏғ sᴄᴀʀᴄɪᴛʏ ɪs ᴀʙᴜɴᴅᴀɴᴄᴇ.

hope it helps

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- Pari 4166❤❤