Economy, asked by sadiasabrin817, 1 month ago

Why is scarcity is the mother of all economic problems

Answers

Answered by radheshyam6441

Answer:

Scarcity of Resources:- Resources are limited in relation to their demand and economy can not produce all what people want.

(ii) Human Wants are Unlimited:- Human wants are never ending. ... So we can say that scarcity is the mother of all problems related to economics

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