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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.
How does scarcity affect producers?
Scarcity of availability causes producers to either charge higher prices or to produce more goods and services (like energy production, cars, paper, etc.)
How does scarcity affect governments?
Gummy Bears
How does scarcity affect the choices a business makes?
sex with your girlfriend
The largest sector of the macroeconomy is the?
consumer sector
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 was Analysis of Chinese Macroeconomy created?
Analysis of Chinese Macroeconomy was created in 2008.
How many pages does Analysis of Chinese Macroeconomy have?
Analysis of Chinese Macroeconomy has 302 pages.
Affect of water scarcity on plants?
dehydration
How does scarcity affect governments?
Gummy Bears
How does scarcity affect producers?
Scarcity of availability causes producers to either charge higher prices or to produce more goods and services (like energy production, cars, paper, etc.)
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
Is scarcity an issue faced by only poor people and poor nations or does the rich and poor alike face scarcity?
The poor face a scarcity of resources more often than the rich because they have more limited resources (most importantly, money). But everyone's resources are technically limited. The rich have more money than the poor, but if they spend it all or lose it all, they also face scarcity. If there is a scarcity of a product or a natural resource, it will affect both the rich and the poor, but as prices rise for resources high in demand, the rich will have more access to them, until there is no more for anyone: both rich and poor.
The largest sector of the macroeconomy is the?
consumer sector
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.
