0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is scarcity and how does scarcity influence opportunity cost?
Scarcity is a situation where there is not enough to satisfy everyone's wants.
Whi is scarcity important in economics?
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
Need a sentence for scarcity?
There was a scarcity of water in the desert.
What is scarcity in an economic sense?
scarcity is the problem in all societies. Scarcity is limited resources to satisfy human wants.
What is firewood scarcity?
A firewood scarcity is when the demand of firewood is greater than the supply. The cause of firewood scarcity is from the result of deforestation.
What is the difference between poverty and scarcity?
poverty applies to people (lacking in wealth or lacking in the basic necessities to sustain life). scarity applies to resources. (lacking in amount or in supply) a person is impoverished. there can be a scarcity of food. a person is not scarcity. food is not impovershied.
What is abundance or scarcity of wood?
Abundance means that there is a lot of it, while scarcity means that there is very little. This applies to anything, not just wood.
What is the antonym for scarcity?
Examples of antonyms for the noun 'scarcity' are:glutabundanceexcesssurplussufficiencyenough
What is scarcity and how does scarcity influence opportunity cost?
Scarcity is a situation where there is not enough to satisfy everyone's wants.
What does scarcity means?
scarcity is the condition of being scarce or less. Usually associated with a certain quantity. Like scarcity of water in a desert. Scarcity of rain in a region
Whi is scarcity important in economics?
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
Need a sentence for scarcity?
There was a scarcity of water in the desert.
What is scarcity in an economic sense?
scarcity is the problem in all societies. Scarcity is limited resources to satisfy human wants.
What is the word for not enough to meet demand.?
shortage scarcity
What is a sentence for the word scarcity?
The scarcity of the books in the library shocked me.
What is firewood scarcity?
A firewood scarcity is when the demand of firewood is greater than the supply. The cause of firewood scarcity is from the result of deforestation.
Why is the concept of scarcity important in rich countries as well as poor ones?
Scarcity = limited resources of the earth. Developed countries have better technology and organization to deal with scarcity, but scarcity is still there
