One example of a product that would be considered scare would be Diet Cola with lemon in it.
Proactive scarce removing.
High.
Water is considered as a scarce resource as fresh water occupies only 3% of total water found on earth.
There are unlimited wants for these resources, but there are only a limited amount of resources in this world. Therefore they are considered scarce.
If a product is scarce, meaning you have more 'buyers' than product the price will usually go up somply because some people will offer more to get their hands on the limited supply.
Proactive scarce removing.
b. Picasso paintings
When a product is Scarce, it is more Expensive.
An unusual sports product would be considered as an unusual sports product would be cricket.
High.
Water is considered as a scarce resource as fresh water occupies only 3% of total water found on earth.
Water is considered as a scarce resource as fresh water occupies only 3% of total water found on earth.
No, it is product contamination.
A service
There are unlimited wants for these resources, but there are only a limited amount of resources in this world. Therefore they are considered scarce.
product
I can tell whether the food from my refrigerator is scarce depending on how available the product is to me by ascertaining whether it's consistently in stock at stores.