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Which of the following best explains why the game of economics cannot eliminate scarcity?

Updated: 4/28/2022

Dieqo ∙

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∙ 12y ago

Best Answer

There are not enough resources to produce all of the goods and services that everyone wants.

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∙ 12y ago

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Q: Which of the following best explains why the game of economics cannot eliminate scarcity?

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Continue Learning about Economics

What best explains why the games of economics cannot eliminate scarcity?

No matter how much supply is produced, people's demands will always increase to exceed supply.

Whi is scarcity important in economics?

Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.

Why does the economics is social science?

economics is a science of scarcity

Who is the mother of economics?

scarcity

Which of these controls economics?

scarcity

Related questions

What best explains why the games of economics cannot eliminate scarcity?

No matter how much supply is produced, people's demands will always increase to exceed supply.

Whi is scarcity important in economics?

Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.

Why does the economics is social science?

economics is a science of scarcity

Who is the eminent of economics?

Scarcity

Who is the mother of economics?

scarcity

Which of these controls economics?

scarcity

What does economics examine?

scarcity

What economics examine?

scarcity

Does economics examine?

scarcity

Who is Mother of economics?

scarcity

How does the study of economics depend upon the phenomenon of scarcity?

Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi

What is the relationship between economics and scarcity?

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