Question

The law of scarcity​

Answer 1

Answer:

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The Law of Scarcity simply states:

If what we desire “appears” to be in limited supply, the perception of its value increases significantly. ... You don't need to go any further than a television commercial or piece of written advertising to see the most commonly used semantics incorporating the principles of

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Answer 2

Answer:

The Law of Scarcity simply states: If what we desire “appears” to be in limited supply, the perception of its value increases significantly. ... You don't need to go any further than a television commercial or piece of written advertising to see the most commonly used semantics incorporating the principles of scarcity.The law of scarcity defines that human wants are unlimited and resources available are limited and have alternative uses. Therefore, there will be always some wants which will remain unsatisfied, since the available resources will have to be allocated so as to produce those goods which will maximise satisfaction.

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