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What commodity was particularly scarce in Europe after the war?
Uhh...all of them.
A scarce commodity used in an economic system?
A scarce commodity used in the context of an economic system is something that there is less of than what is needed. Examples are gasoline during a gas crisis, wheat after a drought, etc.
What does scarcity means in basic economic problem?
All other factors unchanged, as a commodity become more scarce, market price tends to rise. Supply and demand. Assuming that demand remains the same, as supply decreases, market price rises.
What happens when goods become scarce?
the prices increases, and the goods become expensive.
True or false all goods and services are scarce?
True. Because all resources are limited and become scarce.
What commodity was particularly scarce in Europe after the war?
Uhh...all of them.
A scarce commodity used in an economic system?
A scarce commodity used in the context of an economic system is something that there is less of than what is needed. Examples are gasoline during a gas crisis, wheat after a drought, etc.
Why has water became an economic commodity?
Water has NOT become an economic commodity. Clean drinking water, however has become economic commodity since there is a limited supply of it available on Earth.
What commodity was particulary scarce in Europe after world war 2?
All of them. They were short on food, raw materials, crude oil...
Do you need a degree to become a commodity trader?
no
What is a sentence with the word commodity?
The word 'commodity' is a noun. A noun functions as the subject of a sentence or a clause, and as the object of a verb or a preposition. Examples: The commodity most needed was fuel for the equipment. (subject of the sentence) Fuel was the commodity most needed at the site. (direct object of the verb 'was')
What does scarcity means in basic economic problem?
All other factors unchanged, as a commodity become more scarce, market price tends to rise. Supply and demand. Assuming that demand remains the same, as supply decreases, market price rises.
What happens when goods become scarce?
the prices increases, and the goods become expensive.
True or false all goods and services are scarce?
True. Because all resources are limited and become scarce.
When do cheetahs get endangered?
they become endangered when the food they eat is scarce.
What must a company do when human resources become scarce?
If human resources is scarce within the company, they have the option to hire people or contractor.
Will chocolate become more expensive or scarce in the future?
No, that is very unlikely.
