The low of scarcity
Answers
Answered by
0
Explanation:
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.
Answered by
0
Scarcity is kinda relatable with the word "deficiency".
Similar questions