Question

Q. Why are the goods and services is scarce ?​

Answer 1

Answer:

All goods and services are scarce because the resources used to produce them are scarce. – There are only so many natural resources available to produce particular goods. Scarce Resources, cont. The amount of labor available to produce goods and services can be limited.

Answer 2

Answer:

All goods and services are scarce because they are finite and the result of trade-offs.

Explanation:

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