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Which of the following explains why scarcity is a basic fact of life?
Wiki User
∙ 13y ago
demand will always be greater than supply
Wiki User
∙ 13y ago
Chriscelda Prigge
demand will always be geather than supply
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What is the basic fact of economic life?
Scarcity
Why scarcity is basic fact of life?
demand will always be greater then supply
Why scarcity is a basic fact of life according to economic theory?
Demand will always be greater than supply.
The phenomenon of scarcity stems from the fact that?
That fact there are limited resources
The natural fact of scarcity leads to the necessity of making choices?
true
What is the basic fact of economic life?
Scarcity
Why scarcity is basic fact of life?
demand will always be greater then supply
Why scarcity is a basic fact of life?
demand will always be greater then supply
Why scarcity is a basic fact of life according to economic theory?
Demand will always be greater than supply.
What is relative scarcity?
Relative Scarcity is the fact that something is relatively scarce
The phenomenon of scarcity stems from the fact that?
That fact there are limited resources
The natural fact of scarcity leads to the necessity of making choices?
true
The natural fact of scarcity leads to the necessity of making choices.?
true
What explains the fact that humans have a vast scientific knowledge?
you have a big brain
What property in economics results from the fact that people will always want more no matter how much is produced?
there is scarcity that cannot be eliminated
Most developed countries in the world are not facing the problem of scarcity comment on this?
Developed countries ARE in fact facing the problems of scarcity. Methods to create renewable energy and clean drinking water is a huge industry in all of the developed nations of the world.
What basic fact can help find 4500 dived by 9?
Basic fact --- 9X5=45 So 4500/9=500
