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A resource is said to be scarce when there isn't enough of it to go around. When Daniel begins thinking about all the things he wants to do with his summer vacation, he realizes he only has a limited number of weeks before he has to go back to school.His summer vacation is a scarce resource: there isn't enough of it to meet his demand. Spending two weeks at Baseball camp means he would not have enough time to do something else. For example, if he spends his time at baseball camp he won't be able to spend that time at the county fair with his friends. The problem Daniel faces is a problem of scarcity.
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∙ 9y ago
James Agoli
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Why is water considered a scarce resource?
Water is considered as a scarce resource as fresh water occupies only 3% of total water found on earth.
Is time a scarce resource?
yes
What is a scarce resource in the region?
fossil fuels
Is air a scarce resource?
A scarce resource is any material good that has a limited supply. Technically, air is a scarce resource, like all material, due to the law of conservation of matter. However, because it is initially plentiful and renewable on a mass scale, there's little reason to fear a shortage, which mustn't be confused with scarcity.
Would an economist consider clean air a scarce resource?
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Why is water considered a scarce resource?
Water is considered as a scarce resource as fresh water occupies only 3% of total water found on earth.
Why water considered a scarce resource?
Water is considered as a scarce resource as fresh water occupies only 3% of total water found on earth.
Are trees considered a scarce resource?
yes tree are not unlimited
Why time as a resource is scarce?
Because it is important
What is a scarce resource in Iran?
Rain
Is time a scarce resource?
yes
Why is diamond a scarce resource?
'Scarce resource' implies that the resource is uncommon, rare and hard to find, all of which is true for the mineral diamond. As to why diamond is scarce, that's a Mother Nature question, and she's not answering questions here, sorry.
What important resource is extremely scarce in North Africa and Southwest Asia?
Water is the most scarce resource in north Africa and southwest Asia.
What is a scarce resource in the region?
fossil fuels
Water is a resource in Southwest Asia?
it is very scarce
Is oil scarce?
This is because oil is a nonrenewable resource.
What resource was scarce in Egypt and was usually traded for?
granite and limestone
