Economy, asked by mehakrawat385, 4 months ago

scarcity is the situation when

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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.

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