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A consequence of the economic problem of scarcity is that?
Scarcity restricts options and demands choices
As a consequence of the condition of scarcity.....?
Individuals and communities have to make choices from among alternatives.
What is Scarcity and Choice?
scarcity is a situation when demand for a good exceeds its supply even at a zero price and choice is a consequence of scarcity. choice emerges when limited resources are to be used for satisfaction of unlimited wants.
Can you compare the relationship between scarcity and the need for choices?
They imply each other and is a necessary consequence. When there is scarcity, in which the resources avaible are not enough to satisfy the human wants, people will need to make choices. So, scarcity will inevitably lead to the need for choices, although the scarcity problem will not be resolved even one has made their choice.
Why are scarcity and choice basic to the study of economics-?
Capitalist economists wrongly assume that most people have a lot of choice about their economic behaviour, and that scarcity is inevitable, rather than being an artificial consequence of the profit system.
A consequence of the economic problem of scarcity is that?
Scarcity restricts options and demands choices
As a consequence of the condition of scarcity.....?
Individuals and communities have to make choices from among alternatives.
What is Scarcity and Choice?
scarcity is a situation when demand for a good exceeds its supply even at a zero price and choice is a consequence of scarcity. choice emerges when limited resources are to be used for satisfaction of unlimited wants.
Can you compare the relationship between scarcity and the need for choices?
They imply each other and is a necessary consequence. When there is scarcity, in which the resources avaible are not enough to satisfy the human wants, people will need to make choices. So, scarcity will inevitably lead to the need for choices, although the scarcity problem will not be resolved even one has made their choice.
Where is water scarcity happening?
one place where water scarcity is, is ghana
What was one positive consequence of irrigating?
One positive consequence of irrigating is securing food supplies even in dry seasons.
Where is water happening?
one place where water scarcity is, is Ghana
Alternatives to overcome scarcity of water?
How come no one knows this?!
What is the antonym for scarcity?
Examples of antonyms for the noun 'scarcity' are:glutabundanceexcesssurplussufficiencyenough
What is one possible consequence of hypervitaminosis of vitamin A?
One possible consequence of Hypervitaminosis A is reduced bone density that can lead to osteoporosis.
Why are scarcity and choice basic to the study of economics-?
Capitalist economists wrongly assume that most people have a lot of choice about their economic behaviour, and that scarcity is inevitable, rather than being an artificial consequence of the profit system.
What is scarcity and how does scarcity influence opportunity cost?
Scarcity is a situation where there is not enough to satisfy everyone's wants.
