What is the term scarcity explain with an example
Answers
The term scarcity define that The time of scarcity....
Example :- I am being scare.
The word "scare" is the meaning.
Simliar word:-
Shortage, Limited
Exmaple:-
There is a limit of time for everthing.
Scarcity :
✴The scarcity is defined as limited availability of commodity which is in demand in the market or by the commons ..
✴It is also defined as individual lack of resources to buy the commodities.
Effects of scarcity :
✴ Number of potentially destabilizing social effects..
✴Decreases the agricultural production.
✴Leads to economic declination.
Examples of scarcity :
✴Fewer farmers raising cattle can result in a scarcity of milk,, cheese ..
✴Due to politics regarding a dam in Gujarat water has become scarce..
✴Over fishing can leads to a scarcity of type of fish.
✴ extraction of more coal in the mining can leads to scarcity for production of energy..