Example for scarcity and choice go together comment
Answers
Answered by
1
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
After poor weather, corn crops did not grow resulting in a scarcity of food for people and animals and ethanol for fuel.
Over-fishing can result in a scarcity of a type of fish.
Fewer farmers raising cattle can result in a scarcity of milk and cheese.
An embargo on imports from a country can result in a scarcity of the resources that country exports.
Due to politics regarding a dam in Gujarat, water has become scarce.
Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity
Some examples of scarcity include:
The gasoline shortage in the 1970's
After poor weather, corn crops did not grow resulting in a scarcity of food for people and animals and ethanol for fuel.
Over-fishing can result in a scarcity of a type of fish.
Fewer farmers raising cattle can result in a scarcity of milk and cheese.
An embargo on imports from a country can result in a scarcity of the resources that country exports.
Due to politics regarding a dam in Gujarat, water has become scarce.
Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity
Similar questions