Economy, asked by teekahstone, 1 year ago

Why do all economies face scarcity?

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Answered by Adarshharsh

1

Scarcity, or limited resources, is one of the most basic economic problems weface. We run into scarcity because while resources are limited, we are a society with unlimited wants. Therefore, we have to choose. ... We have to do those things because resources are limited and cannot meet our own unlimited demands.Aug 30, 2015

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