Economy, asked by dianabarongo910, 5 months ago

scarcity requires that people must do what?

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Answered by Anonymous

15

Answer:

Scarcity refers to the finite nature and availability of resources while choice refers to people's decisions about sharing and using those resources. The problem of scarcity and choice lies at the very heart of economics, which is the study of how individuals and society choose to allocate scarce resources.

Answered by Anonymous

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