what is scarcity...?????
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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.
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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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