Economy, asked by jay31047, 6 months ago

difine scarcity with full example

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Answered by Anonymous

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Scarcity dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs. Some examples of scarcity include: The gasoline shortage in the 1970's. ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity.

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Answered by Anonymous

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