English, asked by bhattpradeep05, 4 months ago

what is scarcity of resources

Answers

Answered by varsharsps2007

2

Explanation:

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. ... Any resource that has a non-zero cost to consume is scarce to some degree, but what matters in practice is relative scarcity. Scarcity is also referred to as "paucity."

Answered by jvirk7804

2

Answer:

scarcity refers to the basic economic problem the gap between limited - that is , scarce - resources and theriotically limitless wants this situation requiers people to make decision about how to allocate resources efficiently in oder to satisfy basic need and many additional wants as possible

Previous Question

Next Question

Similar questions

Science, 2 months ago

which is more reactive metal sodium or potassium...

Chemistry, 2 months ago

i. An acid whose formula is H2CO3 – ii. An imaginary path in which electrons revolve around the nucleus – iii. In the Modern Periodic Table ,the Horizontal Rows are called – iv. Name one Negative catalyst - v. Two non-metals which react explosively , when brought in close contact – vi. The silvery residue obtained on heating mercury(II)oxidevii. A compound formed when iron [Fe3+]...

Political Science, 2 months ago

______ refers to the existence of more than one level of Government in the country.

Hindi, 4 months ago

'गणित का ज्ञाता' अनेक शब्दों के लिए एक शब्द है- Oa. गणित जानकार Ob. कुख्यात Oc.गणितज्ञ d.दावानल...

India Languages, 4 months ago

one word answers not explain...

Hindi, 9 months ago

लापरवाह। मनगढंत। कठबंधा। ये तीनों कौन सा समास है ? विग्रह सहित बताएँ...

English, 9 months ago

Change from affirmative to negative without changing meaning. Her piety was beyond doubt...

English, 9 months ago

Superstition prevents progress...