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Why all goods and services are scarce?
All resources are scarce.
Why are all goods and services scare?
What are all goods and services scarce
All goods and services are scarce because the resources that compose them are scarce?
Resources are limited .
True or false all goods and services are scarce?
True. Because all resources are limited and become scarce.
Why are all goods and services scarce in the economy?
Goods and services are scarce in the economy because there are limited resources available to produce them, and the demand for these goods and services exceeds the available supply. This scarcity forces individuals and businesses to make choices about how to allocate resources efficiently.
Why goods and services are scarce?
All resources are scarce.
Why all goods and services are scarce?
All resources are scarce.
Why are all goods and services scare?
What are all goods and services scarce
All goods and services are scarce because the resources that compose them are scarce?
Resources are limited .
True or false all goods and services are scarce?
True. Because all resources are limited and become scarce.
Why are all goods and services scarce in the economy?
Goods and services are scarce in the economy because there are limited resources available to produce them, and the demand for these goods and services exceeds the available supply. This scarcity forces individuals and businesses to make choices about how to allocate resources efficiently.
Using examples of land labor and capital explain why economists believe that all goods and services are scarce?
Economists believe that all goods and services are scarce because all the resources used to create them are scarce. It's like a cycle. Land is all the natural resources that create all the goods and services, if this is scarce then there would be no coal or oil to fuel machines that help keep the natural resources going (capital). If there are no machines to work with then the job becomes hard for workers to do, meaning very few people would do such a job (labor). It's all a cycle of limited resources.
What happens when goods become scarce?
the prices increases, and the goods become expensive.
What is a non scarce good?
air and seawater. and all other goods which is free and abundant,.. land,air,water to drink,
What are free goods?
Free goods are gift of nature .Their supply is unlimited .They are not scarce though they are useful.
What is called the use of scarce resources for production of goods and services?
Rationing
What mechanism is used to determine who actually gets scarce goods?
economics
