English, asked by Anonymous, 23 hours ago


 \tt{What  \: is  \: scarcity??!???!???!?}

Answers

Answered by Anonymous
2

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→ It means that the demand for a good or service is greater than the availability of the good or service.

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kaksha - 11th

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Answered by hitaxx
1

Scarcity is one of the key concepts of economics. It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy.

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