Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
Scarcity.
Scarcity and Choice
deal with the fundamental problem of scarcity
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of Economics.
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
Scarcity.
Scarcity and Choice
deal with the fundamental problem of scarcity
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of Economics.
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of economics.
Scarcity of resources cause all nations to answer 3 economic questions because people have unlimited wants but limited resources to produce them.
Scarcity of resources
Scarcity of resources
what are the human wants who will make the needs for humans
1. Wants 2. Scarcity 3. Choices
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.