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Q: Why both rich and poor people experience scarcity?
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Is scarcity an issue faced by only poor people and poor nations or does the rich and poor alike face scarcity?

The poor face a scarcity of resources more often than the rich because they have more limited resources (most importantly, money). But everyone's resources are technically limited. The rich have more money than the poor, but if they spend it all or lose it all, they also face scarcity. If there is a scarcity of a product or a natural resource, it will affect both the rich and the poor, but as prices rise for resources high in demand, the rich will have more access to them, until there is no more for anyone: both rich and poor.


Does scarcity affect the rich and poor?

scarcity affects both rich and poor people due to prices sky rocketing and low abundance of goods therfore the poor will have to alter they life style and consume less whilst the rich will also do likewise


Is scarcity a problem only for poor families?

no


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


Are Greek people wealthy or poor?

Greece has both wealthy people and poor people. But many are middle class.


What kind of hunger do rich people and poor people experience now?

"hunger" poor- love,education rich-to be contented poor people encounter *hunger for peace *hunger for food *hunger for shelter *hunger for money


Was there a difference about what poor people wore and what rich people wore?

People have always made differences about what poor and rich wore but if poor people ere equal to rich then both wear the same things.


Who causes more crimes poor people or rich people?

Both cuz rich steal from the richer and poor steals from the rich..


What do you have in common with turkey the country?

They both have good tradition They both have poor people on the street


Are British people rich or poor?

both and middle class. you get people on benefits (poor) working class (middle class) and people with really good jobs are quite rich. you can work both down and up.


Why is Black Friday a frustrating experience for some people?

Maybe because people are poor and they are waiting for black Friday holidays


Where did rich people in ancient Pompeii sleep?

Both rich and poor people in Pompeii slept in their bedrooms.Both rich and poor people in Pompeii slept in their bedrooms.Both rich and poor people in Pompeii slept in their bedrooms.Both rich and poor people in Pompeii slept in their bedrooms.Both rich and poor people in Pompeii slept in their bedrooms.Both rich and poor people in Pompeii slept in their bedrooms.Both rich and poor people in Pompeii slept in their bedrooms.Both rich and poor people in Pompeii slept in their bedrooms.Both rich and poor people in Pompeii slept in their bedrooms.