Economy, asked by dw345027783, 2 months ago

Why is scarcity an issue in any and all financial questions that we all have to make, even government officials, bankers, millionaires, and billionaires?

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Answered by 1dontknow

0

Answer:

Scarcity is the basic economic problem because each level of economic has unlimited wants and limited resources. ... Because of the "Time" is scarcity/limited as individually, we as "individually" has to make decision wisely. For example we as individuals want a lot of money and also a lot of time to spend with family.

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