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What are the different kinds of scarcity in daily life?

what are the different kind of scarcity in our daily life


Are scarcity and shortage the same?

no definitely not, a scarcity is when the is a small amount of a non-renewable substance (water, clean air, food); and a shortage is a small amount of something we can have again soon (PS3's, chairs, paint)


What is the antonym for scarcity?

Examples of antonyms for the noun 'scarcity' are:glutabundanceexcesssurplussufficiencyenough


What is scarcity and how does scarcity influence opportunity cost?

Scarcity is a situation where there is not enough to satisfy everyone's wants.


What does scarcity means?

scarcity is the condition of being scarce or less. Usually associated with a certain quantity. Like scarcity of water in a desert. Scarcity of rain in a region


Are there different types of fish gills?

yes there are different types of gills in different types of fishes.


Whi is scarcity important in economics?

Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.


Need a sentence for scarcity?

There was a scarcity of water in the desert.


What is scarcity in an economic sense?

scarcity is the problem in all societies. Scarcity is limited resources to satisfy human wants.


Information about different types of houses?

different types


What are the different products we get from different types of trees?

different products we get from different types of trees


What is a sentence for the word scarcity?

The scarcity of the books in the library shocked me.