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if there is an scarcity in land or resources the and the demand will be high then the price will go up.
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Related Questions
What is economic resource difficulty?
The main economic resource of difficulty is scarcity of resources.
A consequence of the economic problem of scarcity is that?
Scarcity restricts options and demands choices
What is scarcity in an economic sense?
scarcity is the problem in all societies. Scarcity is limited resources to satisfy human wants.
The economic premise states that?
scarcity is the universal economic problem.
How scarcity causes economic problem?
how
Is scarcity as an economic problem?
YES!
The fundamental economic problem is?
Scarcity.
What allocates the economic resources of the nation?
scarcity
What is the basic fact of economic life?
Scarcity
What determines how much economic value something has?
scarcity
Economic choice and competitive behavior are the result of?
scarcity
Define what is meant by scarcity when referring to the economic problem?
Scarcity is our limited resources but unlimited wants.The problem of scarcity is that our wants are always beyond what we can produce with our resources.
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