Economy, asked by nanabelleraphael, 1 year ago

Scarcity opportunity cost choice in government

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Answered by vairava

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Answer:

The opportunity cost of a choice is the value of the best alternative given up. Scarcity is the condition of not being able to have all of the goods and services one wants. ... Like individuals, governments and societies experience scarcity because human wants exceed what can be made from all available resources.

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