Question

Lack of scarcity implies lack of economic problems.explain with reasons.

Answer 1

Answer:

Hey mate ! Check ur answer below.

Lack of scarcity implies lack of economic problems - False

Explanation:

Economics deals in the problems of how resources are allocated in the production of various goods and services in the economy for the satisfaction of human wants. This is because these resources are scarce and have alternative uses whereas human wants are unlimited.

Thank me if u got it

Mark me as the brainliest :)

Answer 2

Answer:

Explanation:

it is very obvisous when the citizens have their wants and needs the economy  will move smoothly