Economy, asked by guilalayvaldesimo, 7 months ago

What is Scarcity? How does it affect people's choices. Provide a real world example

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Answered by Anonymous

Answer:

Scarcity dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs. Some examples of scarcity include: ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity.

Explanation:

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