What is Scarcity?
Scarcity refers to the limited available resources used in satisfying the unlimited human wants. These resources are scarce relative to their demand. It is a result of scarcity of resources that made the study of economics very essential in order to find alternative uses of scarce resources.
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Latest posts by Staff (see all)
- What is Want? - April 7, 2020
- What is Scarcity? - April 7, 2020