Scarcity causes economic problem .How?Explain with a suitable diagram.
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hi there,
yes,if i say scarcity of money cause economic problems bcoz as we knw money is a medium of exchange that's we use in our daily or it helps to fulfill the needs of a person..
Example..
suppose someone have a demand of commodity but he/she can't fulfill his/her desire bcoz there is a scarcity of money..thus it affects his/her economic condition...
HOPE THIS WILL HELP U..
PLSS MRK AS BRAINLIEST..
yes,if i say scarcity of money cause economic problems bcoz as we knw money is a medium of exchange that's we use in our daily or it helps to fulfill the needs of a person..
Example..
suppose someone have a demand of commodity but he/she can't fulfill his/her desire bcoz there is a scarcity of money..thus it affects his/her economic condition...
HOPE THIS WILL HELP U..
PLSS MRK AS BRAINLIEST..
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