Question

economics is a study of scarcity discuss​

Answer 1

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The basic economic problem is that needs and wants are unlimited, but resources are scarce. Scarcity means that resources are limited, and because resources are scarce, people must make choices. Economics is the social science that studies how people use scarce resources to satisfy unlimited needs and wants.

@MissTranquillity

Answer 2

Answer:

Economics is the study of Economic Activities. There would not be Economic Activities (such as buying and selling) if there wasn't a scarcity of the resources that are needed to satisfy everyone's wants. Thus, economics studies how scarcity causes people to make different choices.