Question

Hey friend
What you mean by Scarity
Please help me
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Answer 1

Answer:

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

Explanation:

Answer 2

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SCARCITY => a situation in which something is not easy to find or get, OR a lack of something.