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What is the best definition of scarcity?
A lack of resources.
The lack of which of the following represents scarcity?
enough workers to finish two jobs because there's a limited supply of workers The supply of workers represents a resource, labor, that is scarce because there are not enough workers to complete the available work.
Is wealth a synonym for scarcity?
No, the noun 'wealth' is a synonym for plenty, the antonym of the noun 'scarcity'.Examples of synonyms for the noun 'scarcity' are: insufficiency, shortage, dearth, or lack.
What occures when you lack the resources to produce the things you want?
Scarcity
What are the key differences between the economics definitions of scarcity and opportunity cost?
Scarcity refers to the limited availability of resources, while opportunity cost is the value of the next best alternative that is forgone when a decision is made. In essence, scarcity is about the lack of resources, while opportunity cost is about the trade-offs that come with making choices in the face of scarcity.
What is an antonym for the word plenty?
Antonyms are 'a few, lack, little, need, scarcity, want'
What are some synonyms for scarcity?
Synonyms for scarcity would include shortage, lack, inadequacy.Dearth
What is the best definition of scarcity?
A lack of resources.
The lack of which of the following represents scarcity?
enough workers to finish two jobs because there's a limited supply of workers The supply of workers represents a resource, labor, that is scarce because there are not enough workers to complete the available work.
What is the definition of scarcity?
Scarcity is the lack of availability of something. ie. petrol oppurtunity cost is the next best alternative
Is insufficiency a synonym for scarcity?
Yes, the word 'insufficiency' is a synonym for 'scarcity'. Other synonyms are: shortage, dearth, or lack.
Is wealth a synonym for scarcity?
No, the noun 'wealth' is a synonym for plenty, the antonym of the noun 'scarcity'.Examples of synonyms for the noun 'scarcity' are: insufficiency, shortage, dearth, or lack.
What is the antonym of abundant?
privation deprivation lack poverty scarce
Words is most likely a synonym for scarcity?
The word scarcity refers to a severe lack of something that is usually more available. A few good synonyms for scarcity that closely match this definition are "shortage," "paucity," "want," "dearth," "lack," "insufficiency," and "meagerness."
WHAT IS A synonym for the word dearth?
lack, scarcity, shortage, etc...
What occurs when we lack the resources to produce the things we want?
scarcity
What occures when you lack the resources to produce the things you want?
Scarcity
