Economy, asked by amanmeena1030, 2 months ago

Why scarcity is a problem ?

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Answered by Anonymous

3

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Scarcity, or limited resources, is one of the most basic economic problems we face. 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.

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