Economy, asked by mehakrawat385, 5 months ago

scarcity is the situation when

Answers

Answered by NIHANTH007

0

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

Answered by manissaha129

1

Answer:

Scarcity is the situation when there is a lack of something/resources.

Previous Question

Next Question

Similar questions

Math, 2 months ago

2(3x-1)+7/2=5x-2(2x-7) step by step plz...

Biology, 2 months ago

RESEARCH TOPIC *The Holocaust is one of the biggest tragedies of the 20 century, it has prendered a nation, has taken millions of lives and has changed the boy of mankind In the context of the above statement, evaluate the impact of pseudoscientific ideas on the Jewish nation by the Nazi Germany during the period 1933 1946...

Math, 2 months ago

Find angle between − = 2 & − = 6.

Math, 5 months ago

1 point What is the Median of the following set of scores? 19,5,12,10,14." O a. 10 O b. 14 O c. 19 O d. 12 O This is a required question...

English, 5 months ago

if she ____ (finish)workearly,she ____(go)home.

Biology, 11 months ago

Plants with ovaries having only one or a few ovules, are generally pollinated by (1)Bees (2)Butterflies (3)Birds (4)Wind...

Biology, 11 months ago

In gram,pea and groundnut plants (1)Endosperm is not formed in life cycle (2)Embryo development precedes endosperm development (3 Mature seeds lack endosperm (4)Non-albuminous seeds are formed due to absence of triple fusion...

Biology, 11 months ago

In a cereal grain,the single cotyledon of embryo is represented by (1)Coleoptile (2)Coleorrhiza (3)Scutellum (4)Prophyll...