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Wants and desires will always exceed the resources available to fulfill them.
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Related Questions
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
What does economics examine?
scarcity
Which of these controls economics?
scarcity
Who is the eminent of economics?
Scarcity
Who is the mother of economics?
scarcity
Does economics examine?
scarcity
What economics examine?
scarcity
Who is Mother of economics?
scarcity
What does the therm scarcity mean in economics?
Under the broadest meaning, scarcity would mean that there are limits to our resources on this planet. A resource or a commodity that exists as a limited quantity would be said to be scarce.
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
Economics is controled by which of these?
Scarcity A+ sucks TAO
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