Economy, asked by varshags2002, 1 year ago

Scarcity is the root of all economic problems explain the statement

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Answered by rvk18

The Basic Problem - Scarcity. Scarcity, or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants. ... We have to efficiently allocate resources.

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