the prices increases, and the goods become expensive.
True. Because all resources are limited and become scarce.
All resources are scarce.
What are all goods and services scarce
Generally, because supplies are never infinite, the opposite of scarce. For many goods, demand is constant or growing, and supply is NOT.
Resources are limited .
True. Because all resources are limited and become scarce.
All resources are scarce.
All resources are scarce.
What are all goods and services scarce
Generally, because supplies are never infinite, the opposite of scarce. For many goods, demand is constant or growing, and supply is NOT.
Resources are limited .
A system of allocating scarce goods and services using criteria other than price is _____.
Free goods are gift of nature .Their supply is unlimited .They are not scarce though they are useful.
Price Gouging
Rationing
Rationing
economics