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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.
All economic questions arise because of SCARCITY OF RESOURCES.
Scarcity of resources
Scarcity of resources
the answer to this question is scarcity of fertile land or shortage of labor
1. Wants 2. Scarcity 3. Choices