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Scarcity is when someone cannot provide a product or service because they have not the required resources or time to produce such a thing. It affects consumers because they cannot have the product or produce this service and are therefore in SCARCITY.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agobecause humans always rely on the need to belong, and when there is nothing left for us, we stop becoming independant, and we turn to a higher force to help us.
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How does scarcity affect businesses?
People (consumers) have unlimited wants, but businesses do not have enough goods (supply) to fulfill these demands.
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.
When consumers needs and wants are greater than the resources available to satisfy them?
Scarcity.
How does scarcity affect governments?
Gummy Bears
How does scarcity affect businesses?
People (consumers) have unlimited wants, but businesses do not have enough goods (supply) to fulfill these demands.
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.
When consumers needs and wants are greater than the resources available to satisfy them?
Scarcity.
Affect of water scarcity on plants?
dehydration
How does scarcity affect governments?
Gummy Bears
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 does photosynthesis affect upper level consumers that are carnivores?
how does photosynthesis affect upper level consumers that are carnivores
Which term is used to describe a situation where most consumers are forced to make decisions based on limited resources?
scarcity
