Question

How does this situation illustrate the problem of scarcity

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.

One solution to dealing with scarcity is to implement quotas on how much people can buy. Because there was a scarcity of food, the government had strict limits on how much people could get. This was to ensure that even people with low incomes had access to food – a basic necessity.

Causes of scarcity

1. Demand-induced – High demand for resource.

2. Supply-induced – supply of resource running out.

3. Structural scarcity – mismanagement and inequality.

4. No effective substitutes.

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Answer 2

1) The arms act was passed in 1878 which disallowed Indians from possessing arms.

1) The arms act was passed in 1878 which disallowed Indians from possessing arms.2) The Vernacular press act of 1878 allowed the British government to confiscate the assets of newspapers including there printing press if newspaper published something objectionable.

1) The arms act was passed in 1878 which disallowed Indians from possessing arms.2) The Vernacular press act of 1878 allowed the British government to confiscate the assets of newspapers including there printing press if newspaper published something objectionable.3) The British withdraw the Iibert bill of 1883 which allowed the Indian judges to try the European accused. This enraged the Indians.

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