Question

scarcity of resources applies to all:
(A) INDIVIDUALS
(B) ORGANISATIONS
(C) COUNTRIES
(D) ALL OF THE ABOVE....

Answer 1

Answer:

d) all of the above....✔

Answer 2

Option D (All of the above) is the correct answer.

• Scarcity is defined as the lack of resources or running out of essential resources.

• Scarcity occurs when the resources cannot be used as per the requirements.

• In case of scarcity, the resources must be used in a limited way so that the problem can be controlled for a certain amount of time.  

• The issue of scarcity applies to individuals, For Example, A poor person has food scarcity.  

• The issue of scarcity applies to organizations, For Example, An organization can have a scarcity of talented people.  

• The issue of scarcity applies to countries, For example, A country can have water scarcity.

Therefore, scarcity of resources applies to all the mentioned options. Option D is the correct answer.