Question

Scarity is the root of all economic problems . Explain the state ments

Answer 1

Answer:

Thus, it is due to the scarce availability of resources (having alternative uses) to fulfil the different and competing unlimited wants that an economy faces the economic problem or the problem of choice.

Answer 2

Explanation:

Scarcity is the root cause for all economic problems. ... Thus, it is due to the scarce availability of resources (having alternative uses) to fulfil the different and competing unlimited wants that an economy faces the economic problem or the problem of choice.