what is demand?
define scarcity.
Answers
Answered by
3
Answer:
Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.
Answered by
2
Answer:
Scarcity mean limited availability of a commodity which may be in demand in the marketing.
Explanation:
demand is the strong Request or order that must be obeyed
Similar questions