Economy, asked by satyendrawadekar, 11 hours ago

The problem of making a choice between unlimited wants and limited means.

Answers

Answered by kanishkasathish545

Answer:

Scarcity

Explanation:

scarcity refers to lack of desired quantity of something. The scarcity in economics rise due to the fact that the humans have unlimited desires but only limited resources. ... Scarcity is the concept that there are unlimited needs and wants and an insufficient amount of resources to fulfill these.

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