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Gummy Bears
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∙ 13y ago
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How do consumers and businesses and governments address scarcity?
They dont
How does scarcity affect the factors of production?
Scarcity is the non-abundance of resources. Resources are needed to produce. Thus, the more that is produced, the more resources are being used.
How does scarcity affect the choices a business makes?
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How does scarcity affect the prices of goods and services in a market?
Scarcity causes raises in prices, as there is less of a product or service. -Yackna anwsered this
What are the approaches of studying economics?
First off, getting to know how people, firms, governments and banks make choices when it comes to scarcity.
How do consumers and businesses and governments address scarcity?
They dont
How does scarcity affect the factors of production?
Scarcity is the non-abundance of resources. Resources are needed to produce. Thus, the more that is produced, the more resources are being used.
Affect of water scarcity on plants?
dehydration
How does water scarcity affect the lives of people in the cold and hot deserts respectively?
how does water scarcity affect the lives of people in the cold and hot deserts
How does scarcity affect the choices a business makes?
sex with your girlfriend
How does scarcity affect the prices of goods and services in a market?
Scarcity causes raises in prices, as there is less of a product or service. -Yackna anwsered this
How might a scarcity of supply affect the price of an item?
It will make it expensive.
How did religion affect governments around the world?
Religion governed the governments "in the beginning."
What are the approaches of studying economics?
First off, getting to know how people, firms, governments and banks make choices when it comes to scarcity.
How does scarcity affect producers?
Scarcity of availability causes producers to either charge higher prices or to produce more goods and services (like energy production, cars, paper, etc.)
How do governments and businesses usually respond to scarcity of productive resources in their own countries?
They create trade with other countries.Good luck with study island its gay
What is scarcity how does it affect the way people make ecomomic choices?
Scarcity is the limited availability of a resource. It affects the way people make economics choices by increasing the price and likely the demand of the resource.
