Explain why scarcity affects both the poorest and the richest person in the philippines
Answers
Answer:
It's nothing unique a phenomenon. It's true all over the world, not specific to certain sectors of the Philippines. That's why there's even a field of study on it, which most of us know as ECONOMICS. Study and engage in it so you will have better clarity on the topic of SCARCITY. I think when you say scarcity, you're referring to most resources. This affects all of us, rich and poor, as we live in a modern interconnected world where economic issues have to be dealth with using active and passive ways of participation in each local economy as it connects with the rest of economies in a setting. Values and prices are the means we avail of resources. We study the forces that affect supply and demand for each resource. It's an everyday situation, unless you try to avoid using money when availing of resources.