Economy, asked by SumukhaP1618, 7 months ago

How does competition arise out of scarcity

Answers

Answered by Anonymous

Competition arise out of scarcity because of scarcity there is a need for a rationing device. People will compete for the rationing device. For example if dollar price is the rationing device, people will compete for dollars.

Answered by tiwarisid84

Answer:

scarcity is a situation in which the human wants are greater than the available resources

Explanation:

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