Economics has not solved scarcity; scarcity still exists in the world. There are a number of countries in which food and water are scarce, along with other necessities and conveniences of life. Economics can provide useful theories about how to manage an economy, but theories alone do not solve problems such as scarcity. We do know how to solve problems in theory, provided that we can get enough people to comply with the requirements of that theory. We know, for example, that the population should not continue to grow beyond the food production capacity of the world. But that knowledge is not preventing people from having excessive numbers of children. People seldom plan their personal lives on the basis of the long-term requirements of the world as a whole.
scarcity is solved by various economic system by influencing people to make choice and increasing production.
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
economics is a science of scarcity
scarcity
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Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
economics is a science of scarcity
Scarcity
scarcity
scarcity
scarcity
scarcity
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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
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Scarcity A+ sucks TAO