Economy, asked by kiranshukla8480, 11 months ago

scracity causes economic problem how

Answers

Answered by roman6055

1

Explanation:

Scarcity causes economic problem. No matter, how well a particular economy is endowed with resources, these resources will be relatively scarce to fulfil its unlimited wants. Moreover, these scarce resources have alternative uses and can be allocated to the production of different goods and services.

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