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because its prise is determined by interaction between both demand and supply forces
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∙ 11y ago
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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
What is relative scarcity?
Relative Scarcity is the fact that something is relatively scarce
What does scarcity mean as stated in There was a scarcity of labor in the 13 colonies?
shortage
