0
scarcity is when you use up all of Natural Resources and capital resources plus human resoures. so if we use up all of our resources we will have no resources to create anything. gas will not be a factor shelter would not be a factor.all of the resources will be use up.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
In a market economy prices provide information regarding?
Scarcity.
Whi is scarcity important in economics?
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
What is an example to explain the concept of scarcity?
Mixed economy
What are some examples for market economy?
united states
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.
In a market economy prices provide information regarding?
Scarcity.
What are some examples of scarcity?
Time, jobs, money, diamond, water
Whi is scarcity important in economics?
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
What is the antonym for scarcity?
Examples of antonyms for the noun 'scarcity' are:glutabundanceexcesssurplussufficiencyenough
What is an example to explain the concept of scarcity?
Mixed economy
What are the bases of production decisions in subsistence economy?
because of the scarcity
What are some examples for market economy?
united states
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 are the ways of reducing scarcity in the economy?
work more want less
What are some Examples of a custom based economy?
Thailand and Ethiopia
What are some examples command economy?
North Korea and Cuba are good examples of command economies.
Why does scarcity exist in an economy?
*there are not enough resources to produce everything people want*
