Economy, asked by simrannNurani, 8 months ago

what role do scarcity and opportunity cost play in the making of management decisions

Answers

Answered by Manikpur
1

Explanation:

What role do these two concepts play in the making of management decisions? Scarcity is when supply is less than demand. Generally, people want more than can be supplied. ... Opportunity cost is what can the other resources that are making up for the scarce resources be valued at.

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