Scarcity is the basic economic problem that arises because people have unlimited wants but resources are limited.
Resources that are limited and in demand are scarce, and therefore have a cost.
An economic plan
That productive resources are scarce relative to economic wants.
No, it is mainly about the allocation of scarce resources. There are many different branches of this such as finance, development and game theory, but they are all stemmed from the main economic problem of scarce resources.
economic
Resources that are limited and in demand are scarce, and therefore have a cost.
An economic plan
An economic plan
Economic is the science which is concerned with how socities allocate scarce resources.
That productive resources are scarce relative to economic wants.
No, it is mainly about the allocation of scarce resources. There are many different branches of this such as finance, development and game theory, but they are all stemmed from the main economic problem of scarce resources.
economic
Something must be given up if we are to have more scarce resources.
All resources are scarce.
Something must be given up if we are to have more scarce resources. (A+)
Consumers In Society.
resources are scarce,.the concepts of scarcity arises from the scarce resources or simply resources for short.