what is scarcity ? explain .
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the state of being scare or in short supply ,shortage .hope it helps you
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Hey friends here is your answer _______________^^^^^^^^^^**********
Scarcity is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs........Scarcity means there aren't enough resources to go round. This is because of the basic economic problem: humans have infinite needs and wants, but only have a finite amount of resources to meet them. ... Everything is limited, and so scarcity exists.........
Hope it will help you---------
mind me as brainlies-------------------
(Best of luck);----------
(ROYALRAJPUT):_______++++++
Scarcity is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs........Scarcity means there aren't enough resources to go round. This is because of the basic economic problem: humans have infinite needs and wants, but only have a finite amount of resources to meet them. ... Everything is limited, and so scarcity exists.........
Hope it will help you---------
mind me as brainlies-------------------
(Best of luck);----------
(ROYALRAJPUT):_______++++++
nandnigupta1991:
It means things are not available in huge amount
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