0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the best definition of scarcity?
A lack of resources.
The lack of which of the following represents scarcity?
enough workers to finish two jobs because there's a limited supply of workers The supply of workers represents a resource, labor, that is scarce because there are not enough workers to complete the available work.
Is wealth a synonym for scarcity?
No, the noun 'wealth' is a synonym for plenty, the antonym of the noun 'scarcity'.Examples of synonyms for the noun 'scarcity' are: insufficiency, shortage, dearth, or lack.
What occures when you lack the resources to produce the things you want?
Scarcity
Why is scarcity the basic problem in economics?
Where resources are finite, or require active distribution, they can become unavailable in the quantities needed or desired, at least in some locations. Scarcity (a lack of sufficient supply) can strongly influence changes in an economy, especially scarcity of vital resources such as food, clothing, and housing. Scarcity can be eliminated through technology. All matter in the universe came from somewhere. What may be considered scarce or in limited supply such as raw materials is only a reality because of our lack of discovery or ingenuity. Our current dilemma of scarcity as perceived in an economic paradigm is simply a natural flaw of that paradigm. Therefore, scarcity is truly a matter of perception.
What is an antonym for the word plenty?
An antonym for the word "plenty" is "scarcity" or "lack".
What are some synonyms for scarcity?
Synonyms for scarcity would include shortage, lack, inadequacy.Dearth
What is the best definition of scarcity?
A lack of resources.
The lack of which of the following represents scarcity?
enough workers to finish two jobs because there's a limited supply of workers The supply of workers represents a resource, labor, that is scarce because there are not enough workers to complete the available work.
What is the definition of scarcity?
Scarcity is the lack of availability of something. ie. petrol oppurtunity cost is the next best alternative
Is insufficiency a synonym for scarcity?
Yes, the word 'insufficiency' is a synonym for 'scarcity'. Other synonyms are: shortage, dearth, or lack.
Is wealth a synonym for scarcity?
No, the noun 'wealth' is a synonym for plenty, the antonym of the noun 'scarcity'.Examples of synonyms for the noun 'scarcity' are: insufficiency, shortage, dearth, or lack.
What is the antonym of abundant?
privation deprivation lack poverty scarce
Words is most likely a synonym for scarcity?
The word scarcity refers to a severe lack of something that is usually more available. A few good synonyms for scarcity that closely match this definition are "shortage," "paucity," "want," "dearth," "lack," "insufficiency," and "meagerness."
WHAT IS A synonym for the word dearth?
lack, scarcity, shortage, etc...
What occurs when we lack the resources to produce the things we want?
scarcity
What is the definition of scarity?
what is definition of scarcity
