Economy, asked by mabalanebradley5, 20 days ago

distinguish between absolute and relative scarcity

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Answered by prajapatikhushi317

Answer:

Absolute scarcity: First, it may be that there are simply insufficient quantities of a resource to meet human needs or wants. ... Relative scarcity: Second, there may be physical quantities of a resource present but scarcity exists because of problems about supply or distribution.

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