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Scarcity restricts options and demands choices
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∙ 12y ago
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Is scarcity as an economic problem?
YES!
How scarcity causes economic problem?
how
The economic premise states that?
scarcity is the universal economic problem.
The fundamental economic problem is?
Scarcity.
What is scarcity in an economic sense?
scarcity is the problem in all societies. Scarcity is limited resources to satisfy human wants.
Is scarcity as an economic problem?
YES!
How scarcity causes economic problem?
how
The economic premise states that?
scarcity is the universal economic problem.
The fundamental economic problem is?
Scarcity.
What is scarcity in an economic sense?
scarcity is the problem in all societies. Scarcity is limited resources to satisfy human wants.
Define what is meant by scarcity when referring to the economic problem?
Scarcity is our limited resources but unlimited wants.The problem of scarcity is that our wants are always beyond what we can produce with our resources.
Does economic growth solves the problem of scarcity?
Yea of course....its due to economic growth goods and services are produced at large and hence fight the problem of scarcity as everyone will be able to consume goods
What do you understand by basic economic problem?
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
Why do all countries face the basic economic problem?
The basic economic problem is about scarcity and choice, which every society has to deal with.
Why does scarcity matter?
because scarcity is the fundemental economic problem of having seemingly unlimited human needs and wants.
Scarcity is not only the problem but also the beginning of economic activitiesexplain?
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Why did economic problem arise because man is compelled to choose?
scarcity
