Question

scarcity cause economic problem how​

Answer 1

Answer:

Resources such as land, labour and capital are limited in relation to their demand and economy cannot not produce all that people required to satisfy themselves. If there is abundant or sufficient resources then there will not be any problem in an economy. Hence, scarcity leads to economic problem.

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Answer 2

Answer:

If there is abundant or sufficient resource there will be no economic problem. Hence, scarcity of resources cause economic problems.

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