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Q: What categories of goods used by ordinary people are most affected by scarcity?
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Is economics the study of mankind in the ordinary business of life?

No, economics is the study of how people deal with the condition of scarcity with limited allocations of resources.


Explain how scarcity affects everyone?

Scarcity typically induces needs and wants for people.


Who is impacted by the problem of scarcity?

Everyone is impacted by the problem of scarcity at some point in their lives. Some people face water scarcity for example.


How did the changes in medieval England's government affect ordinary people.?

It makes them not complain and it is fair.


What does scarcity do to people?

go crazy


How have Al-Qaeda attacks affected the lives of ordinary people?

their families were killed they were scared for their lives and they were sad for the other families who lost family


What sentence can you use for scarcity?

There is a scarcity of intelligent people on this planet. --- The scarcity of honey bees is threatening many crops and wildlife. --- The scarcity of water in a desert is the single most difficult obstacle to overcome when considering it for cultivation.


Importance of scarcity?

Do you mean scarcity in civics terms, as in the inability to satisfy all of the wants of people? If so, there is technically no positive part to scarcity. With scarcity, the wants and the needs of people are unable to be fulfilled through supply and demand. So, in other words, there is no positive importance to scarcity. The only good thing that could come from it is learning from our mistakes.


What does scarcity force people to do?

go crazy


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 lead to choices for the consumer?

when scarcity excited it lead to people making a choice whether to buy it or not to buy it.


Scarcity refers to?

Scarcity refers to a very small supply of something. For example for people who are homeless they have a scarce supply of food. Scarcity also means the rarity of occurrence or appearance.