Where resources are finite, or require active distribution, they can become unavailable in the quantities needed or desired, at least in some locations.
Scarcity (a lack of sufficient supply) can strongly influence changes in an economy, especially scarcity of vital resources such as food, clothing, and housing.
Scarcity can be eliminated through technology. All matter in the universe came from somewhere. What may be considered scarce or in limited supply such as raw materials is only a reality because of our lack of discovery or ingenuity. Our current dilemma of scarcity as perceived in an economic paradigm is simply a natural flaw of that paradigm. Therefore, scarcity is truly a matter of perception.
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
the central problem in economics relates to scarcity, choice and opportunity cost
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
The basic economic problem is about scarcity and choice, which every society has to deal with.
economics is a science of scarcity
Scarcity of resources
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
the central problem in economics relates to scarcity, choice and opportunity cost
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of Economics.
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
The basic economic problem is about scarcity and choice, which every society has to deal with.
Scarcity is a basic economic problem that stems from unlimited wants and limited resources to satisfy the numerous wants.
economics is a science of scarcity
Economics seeks to solve the scarcity problem, which exists because resources are limited whereas needs and wants are unlimited.
Scarcity
scarcity
scarcity